Zachary Kirkhorn, CFO, Tesla
Source: Tesla
Tesla‘s chief monetary officer, Zach Kirkhorn, stepped down from his place efficient Friday, the automaker introduced Monday morning in a regulatory submitting. Tesla’s chief accounting officer, Vaibhav Taneja, was appointed as the brand new CFO and can maintain each roles concurrently.
Shares of Tesla had been dipped practically 3% after the news, however recovered to shut down rather less than 1% on the day.
Kirkhorn will keep on with Tesla by the tip of the yr to help within the transition, in keeping with a Securities and Exchange Commission submitting. Kirkhorn had served as CFO since March 2019 and had labored for Tesla since 2010.
“As I shift my responsibilities to support this transition, I want to thank the talented, passionate, and hard-working employees at Tesla, who have accomplished things many thought not possible,” Kirkhorn wrote on LinkedIn.
Kirkhorn’s departure marks the second CFO alternative at Tesla in simply over 4 years. When prior finance chief Deepak Ahuja left Tesla in 2019, the corporate’s shares dipped as a lot as 4.5%.
Taneja, Kirkhorn’s successor and Tesla’s chief accounting officer, has been with the automaker since 2017. He labored for SolarCity earlier than becoming a member of Tesla, by means of the automaker’s $2.6 billion acquisition of the photo voltaic installer. Before that, Taneja was employed at PwC for about 17 years. PwC is Tesla’s auditor.
Source: www.cnbc.com