DETROIT | Tesla names new board chair in settlement with regulators

DETROIT  | Tesla names new board chair in settlement with regulators

DETROIT — Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators.

The electric car and solar panel company’s board on Thursday named Australian telecommunications executive Robyn Denholm as chairman, effective immediately.

Denholm will step down as chief financial officer and strategy head at Australia’s Telstra after a six-month notice period to work full-time at Tesla, where she has served on the board since 2014.

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