Tesla’s share fell about five(5) percent following the announcement of its Chief Financial Officer, Deepak Ahuja‘s resignation.
Deepak Ahuja has been with Tesla for almost 11 years. He joined the company in 2008 as Chief Financial Officer. After a long-time service at the automotive and energy company, Ahuja decided to leave Tesla.
This is not the first time Ahuja is retiring from his post. In 2015, Ahuja left the company and returned in 2017, replacing Jason Wheeler, who abruptly resigned.
Zach Kirkhorn, the company’s vice president of finance will replace Ahuja. According to Ahuja, he feels really good about Zach replacing him. Zach has proven his self over the years with many tough challenges he’s worked on.
Ahuja’s retirement will not be ‘immediate’ said Tesla’s CEO, Elon Musk. Ahuja will stay with the company for a few more months but Musk didn’t give a specific timeline. Musk also said that he is planning to put Ahuja in a senior advisor role.
Kirkhorn has only been the VP of finance for two months and is now moving to become the CFO of Tesla. Kirkhorn said that he’s been deep in the operations of every major program of the company from Roadster to scaling their energy business and more things to come. For him, 2019 is starting with a very strong financial foundation.
Ajuha is the first CFO of the company. He was among the key executives that helped the company navigate through its financial troubles in 2008 and helped Tesla through its successful IPO as well.
Musk expressed his gratitude to the executive for his contributions to the company. Deepak, for his part, also thanked Tesla, stating that the company has arguably the best team in the industry.