Tesla Motors announced Wednesday that Robyn Denholm, Executive Vice President, Chief Financial and Operations Officer at Juniper Networks, Inc., has been appointed to its board of directors, effective August 11, 2014.
Denholm has also been appointed to chair the company’s Audit Committee and be a member of the Compensation and Nominating and Corporate Governance committees, roles previously filled by Brad Buss. Buss will continue to serve on Tesla’s board but is vacating his committee positions; he was recently named SolarCity’s CFO.
Tesla now has seven directors: Denholm, Brad Buss, Ira Ehrenpreis, Antonio Gracias, Steve Jurvetson, Elon Musk and Kimbal Musk. (Harald Kroeger’s term expired and he is no longer on the board).
Tesla’s stock was up Wednesday on the news that the company had resolved a trademark dispute in China and a bullish note from Morgan Stanley’s Adam Jonas about the forthcoming Model X, which he said “has the potential to be far more successful and a much better value” than the Model S.
Photograph of Robyn Denholm via Juniper Networks.