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Friday, November 9, 2018

Tesla names director Denholm to replace Musk as board chair

By Pushkala Aripaka and Michelle Price (Reuters) - Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker's wayward chief executive who has dragged the company through months of turbulence. The appointment was required as part of a September deal Tesla struck with the securities regulator to settle fraud charges against Musk and Tesla.

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