Who is Vaibhav Taneja? The new Chief Financial Officer of Elon Musk's Tesla
Tesla CFO Vaibhav Taneja alongside billionaire business magnate Elon Musk
Vaibhav Taneja, the currentChief Accounting Officer (CAO) of Elon Musk's Tesla, will also act as the company's Chief Financial Officer (CFO).
The development follows the resignation of Zachary Kirkhorn, who served as Tesla's finance chief for the past four years, and won the reputation of 'master of coin' over a period of time, according to Press Trust of India.
Who is Vaibhav Taneja?
Taneja is a commerce graduate from University of Delhi in India.
Taneja's journey with Tesla began in 2017 after he switched from a solar energy firm SolarCity taken over by Tesla.
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He was initially the vice president of SolarCity. Later, the role evolved into thatof corporate controller.
Taneja is described to have played a major role in the successful integration of the accounting teams from both companies.
Before SolarCity, the 45-year-old's professional experienceincludedtenure at the 'Big Four' firm PricewaterhouseCoopers. At the PwC, he served for a whopping 17 years up until March 2016, according to his LinkedIn profile.
Why did Zachary Kirkhornleave Tesla?
Tesla did not give any specific reason behind Kirkhorn's departure.
Kirkhorn, however, will continue to work at Tesla to assist with the transition through the end of this year, according to a filing related to the matter atthe US Securities and Exchange Commission.
Also watch |World Business Watch: Tesla fined $2.2 mln for exaggerating driving range of EVs
Meanwhile, Tesla's recently revealed quarterly earnings showeda 20 per centincrease in its share value from the same quarter last year.
Tesla’s profit margins were also better than expected. They, however, remainedsmaller than last year due to the declining prices of its vehicles.
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