Tesla overlooks James Murdoch for chairman role vacated by Elon Musk

Tesla CEO Elon Musk

After Elon Musk stepped down as chairman of his electric vehicle company, Tesla, in September, the question of who would replace him became a pretty big one, particularly for shareholders. She will give up these positions after serving a six-month notice period to take up a full-time chairman position at Tesla. She has broad experience in the automotive and digital sectors, having worked at Toyota, Sun Microsystems and Australian telecoms giant Telstra, whom she joined as CFO only weeks ago.

A statement from Ms Denholm said she believed in Tesla and looked forward "to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value".

Critics of Tesla's board have said members lack independence and are too closely allied with Musk, many through financial deals.

Michael Cusumano, a professor at the Massachusetts Institute of Technology's Sloan School of Management, further notes that Ms Denholm's track record as a Tesla board member is not necessarily an indication of how she'll be as a chair. The Australian telecommunications executive will assume the role immediately, the company announced this morning.

More news: Delhi's air quality oscillating between 'poor' and 'very poor' categories Authorities

Musk, Tesla's founder and CEO, was forced to resign as chairman of the electric auto maker by US regulators.

However, Denholm will have the hard task of of overseeing billionaire Musk who will still be with the firm.

The tweet was one of a number of public statements by Musk that raised questions in the industry about his aptness to lead the company.

He and the company were fined by the US Securities and Exchange Commission (SEC) after tweets sent by Musk about plans to take Tesla private were deemed to be fraudulent.

More news: IRGC Commander Threatens 'Dominance' Over The U.S. In Mideast

The appointment of Denholm caps months of turbulence for Tesla amid investor demands for stronger oversight.

The tech whiz Musk is also facing legal action from British diver Vernon Unsworth, who helped to rescue a football team of Thai boys when they became trapped in a cave, by falsely accusing him on Twitter of being a pedophile.

In addition to replacing Musk as chair, the SEC settlement requires two more independent directors and a securities lawyer to act as a Twitter-sitter for Musk.

"Just want to that the Shortseller Enrichment Commission is doing incredible work".

More news: Indonesia military chief believes fuselage of crashed Lion Air plane located

Related News:

  • Late Manchester United double downs Juventus

    Late Manchester United double downs Juventus

    United will be confident but I'm not sure Mourinho is the type of manager who will go for it at the Etihad. United kept possession very patiently but without Romelu Lukaku did not have a clear threat up front.
    Florida Governor Race Headed for Recount

    Florida Governor Race Headed for Recount

    Senate, agriculture commissioner and a few local races have further narrowed overnight, and the state is gearing up for recounts . Election officials in other Florida counties may have disclosed the identities of which voters cast provisional ballots, however.
    Oh, NOW Republicans Are Worried About Vote Hacking

    Oh, NOW Republicans Are Worried About Vote Hacking

    Online, Dolores also starred in Get Out The Vote videos in English and Spanish, urging Georgia voters to turn out for Abrams. "And I want you to know that their blood has seeped into my DNA, and I refuse to let their sacrifices be in vain".
  • Jeff Sessions Out at Trump's Request

    Jeff Sessions Out at Trump's Request

    A replacement for Mr Mueller though would have no such constraints, potentially allowing Mr Trump to hamstring the investigators. He also said Mr Sessions' replacement might reduce Mr Mueller's budget "so low that his investigation grinds nearly to a halt".
    Stones, Laporte could anchor Man City defence for years - Guardiola

    Stones, Laporte could anchor Man City defence for years - Guardiola

    Guardiola praised Jesus, who ended his barren run in front of goal with two penalties before a sublime late chip. We are in a good position but it is not done. "He wanted to make a chip and touched the grass.

    NBC, Fox News, Facebook Pull Trump’s Racist Anti-Immigration Ad

    A reporter pointed out that "a lot of people" thought "that ad was offensive", and asked what he was trying to achieve with it. CNN said Saturday it refused to show the commercial because its journalists deemed it racist.
  • At least 12 people dead in a California bar shooting; gunman dies

    At least 12 people dead in a California bar shooting; gunman dies

    Dean says Helus was his longtime friend and gym partner and planned to retire soon after 29 years with the force. People comfort each other after the shootings in Thousand Oaks, California, about 40 miles west of Los Angeles.
    Ariana Grande releases surprises single ‘Thank U, Next'; hints at upcoming album

    Ariana Grande releases surprises single ‘Thank U, Next'; hints at upcoming album

    Earlier in the week, Davidson joked about his past relationships including his failed engagement to Grande, saying he's "0-3". She's a wonderful, strong person and I genuinely wish her all the happiness in the world". "Now, go vote on Tuesday".
    Georgia's Brian Kemp investigates Democrats over alleged cybercrime

    Georgia's Brian Kemp investigates Democrats over alleged cybercrime

    As Winfrey was speaking, Vice President Mike Pence was in Dalton, about 70 miles north of Marietta, to add his support to Kemp. On Saturday, it was reported that racist robocalls bankrolled by white supremacists were targeting Abrams and Winfrey.
  • Florida OKs Voting Rights for Some Felons: What Happens Next

    Florida OKs Voting Rights for Some Felons: What Happens Next

    On Tuesday night, voters chose to keep the exclusive right to decide to authorize expansions of casino gambling in Florida. Several states, including New Jersey and DE , have already entered the sports betting market since the U.S.
    Novak Djokovic, Roger Federer learn ATP World Tour Finals draw fate

    Novak Djokovic, Roger Federer learn ATP World Tour Finals draw fate

    He could yet take part at the ATP Tour Finals in London after earning a spot as the second alternate for the season-ending event. Nadal's decision means that Novak Djokovic is guaranteed to end the year as the leader of the world rankings.
    Lowe's shutting down two RONA store in northern Ontario, plus a Lowe's

    Lowe's shutting down two RONA store in northern Ontario, plus a Lowe's

    Lowe's locations set to wind down operations by February as the North Carolina-based chain focuses on its most profitable stores. Founded in 1946, Lowe's has more than 2,390 stores and previous year generated $68.6 billion in sales.


Most liked

US Supremes Won't Hear Appeal of FCC's 2015 Net Neutrality Order
The California, New York and D.C. challenges were brought by DACA proponents seeking to block Trump's actions. Neither Chief Justice John Roberts nor new Trump appointee Brett Kavanaugh participated in the decision.

Gareth Southgate Sternly Defends Wayne Rooney's England Inclusion
England play the United States on November 15 before hosting Croatia in the Nations League the following Sunday, with both games live on Sky Sports .

NFL Uniforms Are Coming to ‘Fortnite’ This Week
LTM Blitz (a mode which plays 15 minute max games) is returning, alongside a Storm max damage cap of 8, rather than 10. However, the soccer-themed jerseys were not in partnership with Federation Internationale de Football Association .

Crashed Lion Air jet flew four times with damaged airspeed gauge
This far, police have been able to identify 14 victims from the nearly 140 body bags of human remains retrieved from the Java Sea. If pilots aren't careful, they can cause severe nose-down trim settings that make it impossible to level a plane.

Donald Trump Slams CNN Reporter: ‘You Are A Rude, Terrible Person!’
And Trump interrupts him, saying "I'm not a big fan of yours either, to be honest". "Just sit down", Trump said. Costa was called a "rude, awful person" by Trump at the press conference when he questioned the president.

Tackle like Farrell? Rassie makes his point
Referee Angus Gardner chose not to penalise Farrell for the tackle, a decision that's been criticised and applauded by pundits. He ran hard, it's hard to get your arms around when you're both hitting each other at that much force.

Trump and Democrats in frenzied final push ahead of USA midterm elections
For example, Democrats may try to impeach Trump. "That's a big difference", he said, crediting his rallies for the influence. Addressing his supporters, he said, "The key is you have to go out to vote because in a sense I am on the ticket".

Voter turnout is hot a day before Election Day
If you run into any problems at your polling place on Election Day, keep in mind that California's laws generally favor voters. You've seen stories on the record early-voting turnout: It's double the last midterm and includes a large chunk of new voters.

Liverpool slump to defeat against Red Star Belgrade
He elaborated: "They were aggressive". 'We will keep going and playing because it doesn't take much for those chances to go in'. It is too early to say that is how it is.

Republicans Fight to Keep Control of the Senate in 2018 Midterms
Americans are voting for all 435 seats in the House and 35 out of 100 seats in the Senate, a as well as state governors. Joe Donnelly and Heidi Heitkamp and Democrat Andrew Gillum conceded to GOP's Ron DeSantis for the race for Governor.

Triumph the Insult Comic Dog mocks Ted Cruz on the campaign trail
Ted Cruz , said he doesn't understand why anyone would be angry with asylum seekers "doing what any human being would do". Meanwhile, a comedy bit put the candidates in the national spotlight yet again.

Texas newlyweds die in helicopter crash just hours after tying the knot
The Federal Aviation Administration, which is assisting, said the aircraft "crashed under unknown circumstances in a remote area". Engagement photos posted on the website show Mr Byler in his cowboy hat embracing Ms Ackerman.

Mac Miller Died of Accidental Overdose of Fentanyl, Cocaine, and Alcohol
Police also discovered a $20 bill with white powdery residue on it inside Miller's pocket, TMZ reported . An estimated 200 people die of overdoses every day, according to the US Drug Enforcement Administration.

Rooney set to represent England... for one game only
England will use the match against the US as preparation for their UEFA Nations League match against Croatia on November 18. Strong guy, his shooting was unbelievable and he scored many goals.

Delegation promotes Affordable Care Act enrollment
For the 82 percent of Delawareans who now receive financial assistance, the average premium after tax credit is $122 per month. But the ACA is still the law of the land and financial assistance is still available for low and middle-income consumers.