Zachary Kirkhorn, CFO, Tesla
Supply: Tesla
Tesla’s leader monetary officer, Zach Kirkhorn, stepped down from his place, efficient Aug. 4, the automaker introduced Monday morning in a regulatory submitting. Tesla’s leader accounting officer Vaibhav Taneja used to be appointed as the brand new CFO and can hang each roles at the same time as.
Stocks of Tesla had been buying and selling down about 2.5% at the information.
Kirkhorn will keep on with Tesla during the finish of the 12 months to lend a hand within the transition, consistent with a Securities and Change Fee submitting. Kirkhorn had served as CFO since March 2019 and had labored for Tesla since 2010.
“As I shift my duties to fortify this transition, I need to thank the proficient, passionate, and hard-working workers at Tesla, who’ve completed issues many idea now not imaginable,” Kirkhorn wrote on LinkedIn.
Kirkhorn’s departure marks the second one CFO alternative at Tesla in simply over 4 years. When prior CFO Deepak Ahuja left Tesla in 2019, stocks dipped up to 4.5%.
Vaibhav Taneja, Kirkhorn’s alternative and Tesla’s former leader accounting officer, has been with the automaker since 2017. He labored for SolarCity ahead of becoming a member of Tesla, by means of the automaker’s $2.6 billion acquisition of the sun installer. Earlier than that, Taneja used to be hired at PwC for approximately 17 years. PwC is Tesla’s auditor.
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