Tesla said Thursday Robyn Denholm has been appointed as head of the electric car manufacturer's board, to replace founder Elon Musk in the role.
Denholm, CFO of the Australian telecommunications company Telstra, will take the role of immediate impact, said Tesla. She has been an independent director of the electric car manufacturer since 2014.
Tesla CEO Mr. Musk was forced to join the car manufacturer as part of a settlement with the US Securities and Exchange Commission after reading his tweet in August and claimed that he had "Financing secured" to take the company privately.
"Robyn has extensive experience in technology and the automotive industry, and she has made significant contributions as Tesla board member for the last four years to help us become a profitable company," Mr Musk said in a statement.
Ms Denholm will go down from her role at Telstra at the end of a six month notice, Tesla said. She will serve as a full-time Tesla chair.
"I believe in this company, I believe in its mission, and I look forward to helping Elon and the Tesla team to achieve sustainable profitability and drive long-term shareholder value," said Denholm.