Tesla says Denholm will leave Telstra after her six-month notice period with the company is complete.
Under the settlement, Tesla also is required to appoint two new independent directors, and it must review the sometimes-erratic Musk's posts about the company on Twitter. She has broad experience in the automotive and digital sectors, having worked at Toyota, Sun Microsystems and Australian telecoms giant Telstra, whom she joined as CFO only weeks ago.
A Tesla spokeswoman said that Denholm will receive an annual cash retainer of $300,000 and 8,000 stock options annually. She's one of two women on Tesla's nine-person board.
Ceding the role of chairman was a condition of the accord Musk reached with the U.S. Securities and Exchange Commission in September to settle fraud charges related to his tweets on taking the company private.
According to an announcement shared by Tesla, Denholm will serve as the board chairperson on a full-time basis. She will assume the chairman's role immediately, the company said. Musk and Tesla settled with the Securities and Exchange Commission (SEC) in September after the US agency sued for fraud. The Tesla board is actively continuing the search to fill those posts.
"The fact that he can remain CEO is very important for the company".
A new chairman could conceivably rein in Musk or adjust Musk's role at the world's most drama-filled electric vehicle maker.
While Tesla is finally starting to make good on Musk's promises on production of the Model 3 sedan, seen as crucial to the company's future, it has lost senior executives for sales, human resources, manufacturing and finance in recent months.
The appointment of Denholm caps months of turbulence for Tesla amid investor demands for stronger oversight.
Tesla has endured a hard few months, following comments on social media in early August made by the firm's founder, Elon Musk, suggesting he had "funding secured" for a deal to take Tesla private. The money will go to shareholders who lost money following Musk's tweet.
Top proxy advisers Institutional Shareholder Services and Glass, Lewis & Co had each classified Denholm as an "independent" director of Tesla in reports to the carmaker's investors earlier this year.
Even after the settlement was announced, Mr Musk taunted the SEC, calling it the "Shortseller Enrichment Commission" before snidely praising it for "doing incredible work".
Virginia, Iowa and Kentucky remain the only states with permanent disenfranchisement policies on the books. Black people were five times more likely to be stripped of their voting rights than white voters in 2017.
CPCB officials also said they were in talks with IIT, Kanpur, and IMD for inducing artificial rain after Diwali . Delhi's air quality is expected to deteriorate to "severe plus emergency" category after Diwali , SAFAR said.
Epic collaborated with Marvel earlier this year to offer a limited-time mode in which players could choose to play as Thanos. Lastly, the new weapon addition is a Candy Corn LMG, a mid range scoped weapon which fires out candy corn shaped bullets.
After doing the same against Bournemouth last weekend, this couldbe a turning point for them and their manager, José Mourinho . It is a big ask for United to stop them, and they will have to play much better than they did against Juve to stand a chance.
Prosecutors say the Sinaloa Cartel, named for Guzman's home state, smuggled more than 200 tons of cocaine into the United States. It is alleged that he spent a quarter of a century smuggling more than 155 tonnes of cocaine into the United States.
Nelson reportedly holds a 51% to 44% percent likely voter lead to current Governor Rick Scott just one day before the election. Trump also said "nobody was worse to the press than Obama", after Obama spoke in defense of the First Amendment.
But 22,000 votes still need counting in the tight race between Mr Kemp and Democrat Stacey Abrams - who has not yet conceded . The deadline to cure provisional ballots is 5pm Thursday, but campaign officials expect that to be extended by a few days.
Dean said Long was known to officers through a minor traffic collision and was a victim of a battery incident at a different bar. The suspected gunman was reportedly found dead inside the bar and police have not yet revealed the motives for the shooting .
The president said Sessions' chief of staff, Matt Whitaker , would replace him for now, with a permanent replacement coming later. Trump made the announcement via Twitter Wednesday afternoon, less than a day after the USA midterm elections .
In five states - Minnesota, Nebraska, New York, Washington and Wisconsin - female candidates challenged sitting female senators. Still, Gretchen Whitmer was elected governor in Michigan, Laura Kelly in Kansas, and Michelle Lujan Grisham in New Mexico.
And in the lead-up to Election Day, Kemp's office leveled a vague accusation of "potential cyber crimes" at Georgia Democrats. Online, Dolores also starred in Get Out The Vote videos in English and Spanish, urging Georgia voters to turn out for Abrams.
How midterm elections have changed Congress since 1946
Trump spent the day at the White House, tweeting, making calls, monitoring the races and meeting with his political team. The tax law was particularly problematic for Republicans in New Jersey, where at least three GOP-held seats flipped.
Supreme Court Won’t Hear Net Neutrality Challenges
And the Justice Department acknowledged in Monday's request that the appeals court ruling is likely to come first. The lower court rulings left the 700,000 protected but prevented any more from registering for the program.
Dodgers offered Puig to Nats in Bryce Harper trade
But no position player has ever earned an average annual value of more than $27.5 million (Alex Rodriguez and Yoenis Cespedes). Mike Rizzo says the Nationals are open to more negotiations with Harper in the future, and Scott Boras feels the same.
No drumlines after shark attack: Qld govt
Two doctors who were part of the man's group provided immediate first aid and the Queensland Ambulance Service was notified. However, Tourism Minister Kate Jones said they were sticking with their decision on Tuesday not to put in drumlines.
Red Sox get 3 Gold Glove winners
The 2018 Rawlings Gold Glove Awards have been handed out, and this year's list of winners features more than a few familiar faces. The award is presented each year to the best defensive player at each position in both the National League and American League .
Apple’s new iPad Pro Geekbench scores surface online
The MacBook Air is also in the spotlight , and once again, it's an Apple laptop that desperately needed a refresh . And the multi-tasking changes in iOS 11 helped make the iPad all the more useful, but there's still a way to go.
Djokovic defeats Federer in Paris Masters thriller
Russia's Karen Khachanov pulled off an upset as he defeated Serbia's Novak Djokovic to clinch the Paris Masters on Sunday . Karen Khachanov poses with the trophy after beating Novak Djokovic in the Paris Masters final.
Messi named in Barcelona squad for Inter clash
Substitute Dembele got Barca out of trouble with a perfectly struck half-volley in the 87th minute after a knockdown by Pique. The Argentinean attacker has travelled with the squad, despite not being past fit by the medical team.