Tesla appoints Indian-origin Vaibhav Taneja as new CFO

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Tesla, the American electric car maker, has appointed Vaibhav Taneja as its new Chief Financial Officer (CFO). Taneja, who is currently serving as the company's Chief Accounting Officer (CAO), will take on the additional responsibility of CFO. He will replace Zachary Kirkhorn, who is stepping down after 13 years with Tesla.

 

The company did not specify the reason for Kirkhorn's departure, but he is expected to remain in his role until the end of the year to ensure a smooth transition. In a LinkedIn post, Kirkhorn said that he was "extremely proud" of the work he had done at Tesla, and that he was "excited to see what the future holds for the company."

 

Vaibhav Taneja, hailing from Delhi University, is a commerce graduate and joined Tesla's ranks after the company acquired SolarCity in 2016, where he served as Vice President of Finance. He was appointed CAO of Tesla in 2019.

Taneja is a highly regarded financial executive with a proven track record of success. He is known for his strong analytical skills, his ability to manage complex financial operations, and his commitment to excellence. 

 

Taneja's appointment as CFO is a significant development for Tesla. He is a well-respected financial executive with a deep understanding of the company and the automotive industry. He is well-positioned to lead Tesla's financial operations and help the company achieve its ambitious growth goals.

In addition to his role as CFO, Taneja will also serve as the "Master of Coin" at Tesla. This is a newly created role that will be responsible for overseeing the company's cryptocurrency investments and operations.

 

Taneja's appointment comes at a time when Tesla is facing increasing competition from other electric car makers. The company is also under pressure to improve its profitability. Taneja will be responsible for helping Tesla navigate these challenges and ensure the company's long-term success.

By News Desk