Elon Musk-led electric vehicle maker Tesla has appointed Indian-origin Vaibhav Taneja as its new Chief Financial Officer (CFO). Taneja, who is currently serving as the Chief Accounting Officer (CAO) at Tesla, will take over the additional responsibility of CFO. He will replace Zachary Kirkhorn, who has stepped down after four years in the role.
Taneja is a graduate of the University of Delhi and the Indian Institute of Management, Ahmedabad. He has over 20 years of experience in the financial industry, having worked at companies such as McKinsey & Company, Goldman Sachs, and Morgan Stanley. He joined Tesla in 2016 after the company acquired SolarCity, where he served as the CAO.
In his new role as CFO, Taneja will be responsible for Tesla’s financial planning and analysis, treasury, investor relations, and accounting functions. He will also play a key role in the company’s growth plans, as Tesla looks to expand its production capacity and reach new markets.
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Taneja’s appointment is a significant moment for Tesla, as it marks the first time that an Indian-origin executive has been appointed to the company’s top financial position. It is also a sign of the company’s growing global ambitions, as Taneja brings with him a wealth of experience in the international financial markets.
In a statement, Tesla CEO Elon Musk said that Taneja is a “highly experienced and accomplished financial leader” who is “the right person to lead Tesla’s finance team as we continue to grow and scale.”
Taneja said that he is “excited to join Tesla at this pivotal time” and that he is “committed to helping the company achieve its mission of accelerating the world’s transition to sustainable energy.”
Tesla’s appointment of Taneja as CFO is a positive development for the company. He is a highly qualified and experienced executive who brings with him a wealth of knowledge and skills. He is also a strong advocate for diversity and inclusion, which is important for Tesla as it seeks to expand its global reach. Taneja’s appointment is a sign of Tesla’s commitment to diversity and inclusion, and it is a positive step for the company as it continues to grow and expand.
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