Denholm will leave her role as CFO and head of strategy of Telstra once her six-month notice period with the company is complete, Tesla said late on Wednesday.
Tesla said Denholm will be serving as Tesla chair on a full-time basis.
She will temporarily step down as Chair of Tesla’s Audit Committee until she leaves Telstra, the company said.
Tesla weathered a rocky few months in the wake of Musk’s tweets that he had “funding secured” for a deal, later scuttled, to take Tesla private. Musk and Tesla settled with the U.S. SEC in September after the agency sued for fraud.
The settlement required Tesla and Musk to pay a fine of $20 million each and for Musk to give up his chairman role for three years.
Reporting by Philip George in Bengaluru; Editing by Gopakumar Warrier
Sources from: Reuters
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