Zachary Kirkhorn, CFO, Tesla
Resource: Tesla
Tesla‘s main economic officer, Zach Kirkhorn, stepped down from his situation, helpful Aug. 4, the automaker introduced Monday morning in a regulatory submitting. Tesla’s chief accounting officer Vaibhav Taneja was appointed as the new CFO and will hold both of those roles concurrently.
Shares of Tesla were buying and selling down about 2.5% on the information.
Kirkhorn will continue to be on with Tesla by the finish of the yr to support in the transition, in accordance to a Securities and Trade Fee submitting. Kirkhorn had served as CFO considering that March 2019 and experienced worked for Tesla considering the fact that 2010.
“As I change my duties to guidance this changeover, I want to thank the gifted, passionate, and tricky-performing workforce at Tesla, who have achieved points numerous thought not doable,” Kirkhorn wrote on LinkedIn.
Kirkhorn’s departure marks the 2nd CFO alternative at Tesla in just around four many years. When prior CFO Deepak Ahuja left Tesla in 2019, shares dipped as substantially as 4.5%.
Vaibhav Taneja, Kirkhorn’s substitution and Tesla’s former main accounting officer, has been with the automaker considering the fact that 2017. He worked for SolarCity before joining Tesla, by way of the automaker’s $2.6 billion acquisition of the solar installer. Ahead of that, Taneja was utilized at PwC for about 17 a long time. PwC is Tesla’s auditor.
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