Robyn Denholm replaces Elon Musk as Tesla’s board chair

On Wednesday night, Tesla announced Robyn Denholm has taken Elon Musk’s place as chair of the company’s board.

She will also be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, after a six-month notice period there, to focus on her work as Tesla chair full-time, the company said in a statement.

Musk was mandated to leave his role as chairman of the board at Tesla as part of a settlement with the SEC following his now infamous take-private tweets in August. Musk said, in that series of tweets, that he was considering taking Tesla private at $420 a share, and even had some funding secured. The tweets sent shares soaring to an intraday high of $387.46 a share on Aug. 7.

A Tesla spokesperson said, in an e-mail to CNBC, once Denholm leaves Telstra she will receive 8,000 stock options each year and a cash retainer of $300,000. Denholm has been an independent director on the board of Tesla since 2014.

She previously served as CFO and COO at Juniper Networks, and in a range of strategy and finance roles at Sun Microsystems, Toyota and Arthur Andersen & Co.

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