November 8, 2018

Tesla names director Denholm as chair after Musk rows

Tesla Inc has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman.

The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who worry that his erratic behavior is undermining the company’s progress.

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