LAHORE MIRROR — Tesla has appointed India-origin Vaibhav Taneja as Chief Financial Officer (CFO), replacing Zachary Kirkhorn who stepped down after four years in the role.
No reason was given for Kirkhorn departure, who has been with Elon Musk-owned Tesla for 13 years.
Tesla (TSLA.O) finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the 13-year veteran as a possible successor to CEO Elon Musk and sending the shares of the electric automaker down 3.5% on Monday.
The company did not give a reason for his exit. Accounting head Vaibhav Taneja, who joined Tesla through the $2.6 billion deal for Solarcity in 2016, will replace Kirkhorn.
His departure has raised concerns about a succession plan at the world’s most valuable automaker led by Musk, who also holds key roles at SpaceX and X social media, formerly known as Twitter.
Soft-spoken Kirkhorn was seen as an effective balance to the more volatile Musk and was one of the most visible executives who often spoke on calls with analysts and made presentations on strategy and products.
SOURCE: REUTERS
