Tesla announced that its COO, Zachary Kirkhorn, once considered as a possible successor to CEO Elon Musk, has stepped down and accounting head Vaibhav Taneja will replace Kirkhorn $TSLA
finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the 13-year veteran as a possible successor to CEO Elon Musk.The company did not give a reason for his exit. Accounting head Vaibhav Taneja, who joined Tesla through the $2.6 billion deal for Solarcity in 2016, will replace Kirkhorn.
"He was able to be an effective liaison communicator between Elon and other executives ...that would be a skillset that is hard to come by and very valuable but hard to quantify," said Thomas Martin, senior portfolio manager at Globalt Investments, a Tesla investor. A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File Photo"That he's going to be around until the end of the year is evidence that this is just for personal reasons and the personal reason is likely that working with Elon Musk is really hard and he's done it for 13 years," said Gene Munster, managing partner at Deepwater Asset Management.
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