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Home / Business / Tesla (TSLA) appoints new CFO and CAO in finance team shakeup

Tesla (TSLA) appoints new CFO and CAO in finance team shakeup



Tesla (TSLA) has already announced in January that its longtime Chief Financial Officer (CFO) Deepak Ahuja is about to leave and will be replaced by another executive member of the finance team.

The automaker has now officially named the new CFO, Zachary Kirkhorn, as well as a new Chief Accounting Officer, Vaibhav Taneja, after the position was vacant following several departures in the department in the last year.

Ahuja was Tesla's CFO for the best part of the last decade.

When his retirement (according to Tesla) was announced in January, Tesla said there would be a transition period to introduce 34-year-old Kirkhorn, who has held several positions in Tesla's financial team for the past 9 years, and Ahuja would be left to recommend it.

Now Tesla announced today in a new SEC recording that Kirkhorn was officially named CFO:

"According to its preliminary announcement, on March 1

3, 2019, Tesla, Inc. (" Tesla ") named Zachary Kirkhorn as Chief Financial Officer to succeed Deepak Ahuja Mr. Kirkhorn, 34, joined Tesla in March 2010 and held various roles in his financial department, over a two-year period between 2011 and 2013, during who received his MBA from Harvard Business School, most recently as Vice President, Finance, Financial Planning and Business Operations since December 2018. "

As part of his appointment, Kirkhorn will receive" an option grant of $ 12 million and a $ 4 million unit reserve grant, which will be a four-year vest in accordance with Tesla's standard equity policies. "

At the same time, Tesla also appointed a new Chief Accounting Officer (CA OR); Vaibhav Taneja.

In the last year, Tesla lost many executives in his financial and accounting department and Chief Accounting Officer was particularly impressed.

Tesla created the Chief Accounting Officer in 2016 by hiring Eric Branderiz.

Branderiz left March 2018 and the position remained vacant until Tesla hired Dave Morton from Seagate Technology, but Morton did not last long.

He resigned in September.

Now Tesla announced the appointment of Taneja to the role.

The company made the announcement in the same new SEC deposit today:

"Furthermore, on 13 March 2019, Tesla appointed Vaibhav Taneja, Tesla's current controller since May 2018, as Chief Accounting Officer. Taneja , 41, served as Tesla's Corporate Controller Assistant between February 2017 and May 2018, and as Vice President of SolarCity Corporation in its accounting functions between March 2016 and February 2017, as well as its corporate Controller from August 2016. Previously, Taneja was hired by PricewaterhouseCoopers in India and the United States between July 1999 and March 2016, also recently as Senior Manager in his Assurance practices. "

Like Kirkhorn, Taneja will also receive a new grant for stock options:" $ 6 million and a grant per limited stock market of $ 2 million, which will be granted and will mature for four years in accordance with the standard equity policies of i Tesla. "


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