Tesla, whose stock price increased more than twice in 2023, came to the fore with the change in the board of directors. Tesla has announced that its Chief Accountant, Vaibhav Taneja, will take the seat of CFO in addition to his current duties.
Tesla qualifies Vaibhav Taneja for CFO seat
Kirkhorn joined Tesla in 2010 as a senior financial analyst and was promoted five times. At the age of 34, Kirkhorn became the CFO and helped secure investment grade notes, repaying nearly $10 billion in debt over three years.
Kirkhorn, one of the four directors and one of the company’s leading voices for shareholders, has stepped down from his position as CFO, the company announced yesterday. The company stated that Kirkhorn will remain in the role until the end of the year to ensure a smooth transition.
Kirkhorn will leave his post to Taneja, 45. Tenja, who is now Chief Accountant, held various roles at the EV manufacturer before becoming chief accounting officer in 2019. It should be noted that he previously worked at PricewaterhouseCoopers in India and the USA.
Commenting on the subject, Gene Munster, managing partner of Deepwater Asset Management, said, “Spending 13 years at Tesla is equivalent to 50 years working for any company. Keeping Kirkhorn in position until the end of the year is a pretty good move for the transition.” made statements.
Considered one of the top candidates to replace Musk as CEO, Kirkhorn’s departure brought uncertainty about leadership at Tesla. Taneja, who was not among the 16 executives invited to the stage with Musk at the investor meeting in March, was added to the list of CEO candidates.
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