Tesla names board chair to replace Elon Musk

Tesla names board chair to replace Elon Musk

Electric car pioneer Tesla yesterday named an Australian telecoms executive to chair its board of directors, after the controversial Elon Musk was forced by US authorities to step back from the role. The appointment of Robyn Denholm, chief financial officer with Telstra and already a Tesla board member, is effective immediately but she will serve out her six-month notice period with the Australian company, Tesla said in a statement.

Musk had to resign as Tesla chairman under a September arrangement with US regulators to settle fraud charges stemming from a tweet in which he said he planned to take the firm private and had financing to do it. Under that settlement he and Tesla each had to pay a $20 million fine but Musk was allowed to stay on as chief executive.

He will help ease the 55-year-old Denholm’s transition, Tesla said. “To ensure a smooth transition during the remainder of Robyn’s time at Telstra, Elon will be a resource to Robyn and provide any support that she requests in her role as chair,” the electric car maker said. Musk praised Denholm’s input in her time on Tesla’s board.

“Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla board member over the past four years in helping us become a profitable company,” he said in the Tesla statement.




Oil lifts most of Gulf markets

Oil lifts most of Gulf markets

Saudi Arabia’s stock market rose yesterday on the back of its banks as rising oil prices lifted most major Gulf markets, while Egypt was partly dragged down by its biggest lender Commercial International Bank. Brent oil hit 2019 high above $72 a barrel yesterday, propelled by steady economi

Minister pledges to back start-ups, new businesses

Minister pledges to back start-ups, new businesses

Minister of Industry, Commerce and Tourism, Zayed Alzayani yesterday pledged the government ’s full support to start-ups and new commercial businesses in the Kingdom. The minister was speaking during the Bahrain British Business Forum (BBBF) meeting held yesterday at The Gulf Hotel

Export Bahrain, Gulf Air Cargo in deal

Export Bahrain, Gulf Air Cargo in deal

Export Bahrain signed an exclusive partnership with Gulf Air’s Falcon Cargo to provide SMEs in the Kingdom of Bahrain, exporting their goods to the tune of 100 kilograms or above, with a special discount of up to 40 percent on their cargo exports. The partnership agreement was signed during

China probes Sweden’s Ericsson over licensing

China probes Sweden’s Ericsson over licensing

Swedish telecom giant Ericsson said yesterday that China’s market regulator was investigating the company over licensing issues as countries around the world prepare to roll out the next generation of mobile networks. China’s State Administration of Market Regulation is invest

Bapco holds annual luncheon, 2018 awards

Bapco holds annual luncheon, 2018 awards

Bapco celebrated its environmental, health and safety (EHS) achievements during 2018 by holding its annual luncheon for more than 300 Bapco and contractors employees on 11 April 2019 at Bapco Club in Awali. During the gathering, awards were presented to Bapco departments, contractors and

PSG title party delayed again

PSG title party delayed again

Paris Saint-Germain missed the chance to seal their sixth Ligue 1 title in seven years for the second week running on Sunday after a 5-1 hammering at Lille, their biggest league defeat in 10 years. Thomas Tuchel’s side could have been crowned champions in record-equalling time last weekend

Abu Dhabi hits near 5-year high

Abu Dhabi hits near 5-year high

Abu Dhabi’s stock market rose to a near five-year high yesterday, lifted by First Abu Dhabi Bank, while petrochemical stocks led gains on Saudi Arabia’s main index. The Abu Dhabi index was up 0.9 percent after hitting its highest since May 2014. First Abu Dhabi Bank, the Unite

Trump says Boeing should overhaul 737 Max planes

Trump says Boeing should overhaul 737 Max planes

US President Donald Trump lambasted the Boeing 737 Max plane on Monday, saying it should be improved with unspecified new features and given a new name. The model has suffered two deadly crashes in a matter of months, the first last October in Indonesia with the death of all 189 people on


Nadal steamrolls to opening win

Nadal steamrolls to opening win

Rafael Nadal charged out of the blocks yesterday to hammer Roberto Bautista Agut 6-1, 6-1 in his opening match at the Monte Carlo Masters. The 11-time champion showed no sign of the knee problems which forced him to quit ahead of an Indian Wells semi-final against Roger Federer a month ag

Ajax stun Juventus

Ajax stun Juventus

Ajax stunned Juventus to reach the Champions League semi-finals for the first time since 1997 as Matthijs de Light's thumping second-half header secured a 2-1 second-leg victory in the last eight in Turin on Tuesday. Cristiano Ronaldo, bidding for his sixth Champions League title, scored

Oil lifts most of Gulf markets

Oil lifts most of Gulf markets

Saudi Arabia’s stock market rose yesterday on the back of its banks as rising oil prices lifted most major Gulf markets, while Egypt was partly dragged down by its biggest lender Commercial International Bank. Brent oil hit 2019 high above $72 a barrel yesterday, propelled by steady economi

Minister pledges to back start-ups, new businesses

Minister pledges to back start-ups, new businesses

Minister of Industry, Commerce and Tourism, Zayed Alzayani yesterday pledged the government ’s full support to start-ups and new commercial businesses in the Kingdom. The minister was speaking during the Bahrain British Business Forum (BBBF) meeting held yesterday at The Gulf Hotel

World’s biggest single-day election

World’s biggest single-day election

Indonesia kicked off one of the world’s biggest one-day elections yesterday, pitting president Joko Widodo against ex-general Prabowo Subianto in a race to lead the Muslim-majority nation. More than 190 million Indonesians are set to cast a ballot as polls opened shortly after 7:00

Sudan’s Bashir transferred to prison: family source

Sudan’s Bashir transferred to prison: family source

Ousted Sudanese president Omar al-Bashir has been transferred to a Khartoum prison following his toppling by the army last week, a source from his family said yesterday. “Last night, Bashir was transferred to Kober prison in Khartoum,” the source said without revealing his nam

National FinTech Talent Programme kicks off

National FinTech Talent Programme kicks off

Bahrain FinTech Bay’s National FinTech Talent Programme (FTP) has officially kicked off with its first batch of 25 Bahraini candidates. The first cohort will be part of a specialized roadmap, that will offer unique opportunities to develop their professional skills and gain insightful exper

LCD screens installed at courts

LCD screens installed at courts

LCD screens have been installed at all court halls in the Kingdom in a bid to facilitate reviewing and documenting trial records, it was announced yesterday. Supreme Judicial Council Secretary General Judge Ali Ahmed Al Kaabi confirmed in a statement that the screens have been fixed at al

Quack jailed for six months

Quack jailed for six months

An Asian man who illegally ran a clinic at a residential apartment in the Capital Governorate has been sentenced to six months in jail along with a fine of BD1,000 by the Eighth Minor Criminal Court yesterday. Ministries and Public Bodies Prosecution Chief Prosecutor Adnan Al Weda’e

110 warnings issued to edu institutes for flouting rules

110 warnings issued to edu institutes for flouting rules

The Ministry of Education has issued 110 warnings to private schools and educational institutions after discovering violations while carrying out inspection visits, sources said. Unsafe electrical connections, employees residing on the school campus and changing buildings without permission were

A welcome veto

A welcome veto

US President Donald Trump has vetoed a congressional resolution that sought to end US involvement in the Saudi-led war in Yemen, the White House said yesterday. “This resolution is an unnecessary, dangerous attempt to weaken my constitutional authorities, endangering the lives of Am

His Majesty receives prestigious Japanese honour

His Majesty receives prestigious Japanese honour

His Majesty King Hamad bin Isa Al Khalifa received, at Al Sakhir Palace yesterday, the Japanese Ambassador to Bahrain, Hideki Ito, along with a delegation from the Stone for Peace Association of Hiroshima, led by its Board of Directors’ Chairman, Michio Umemoto. The delegation presented HM

Baby Games end in style

Baby Games end in style

The Second Bahrain Baby Olympics came to a close yesterday in a spectacular fashion at Isa Sports City’s Bahrain Volleyball Association hall in Riffa. Attended by a capacity crowd of participants and their cheering families in the stands, the closing ceremony saw all the participant