Tesla has introduced the departure of its long-time chief monetary officer (CFO), Zachary Kirkhorn, who shall be changed by Tesla’s chief accounting officer, Vaibhav Taneja.

Whereas Tesla has had points retaining management at some positions, it wasn’t the case for the CFO.

Deepak Ahuja was Tesla’s CFO for roughly a decade, and when he left in 2019, he was changed by Zachary Kirkhorn, who had already been at Tesla for greater than six years.

Kirkhorn rose by means of the ranks of Tesla’s finance division, and he made a seamless transition to the main function in a time Tesla began to generate lots of money.

He’s appreciated amongst Tesla shareholders for its simple and no-nonsense solutions on Tesla’s earnings calls.

Right this moment, Tesla introduced that Kirkhorn is leaving and being changed by Vaibhav Taneja:

As of August 4, 2023, Tesla, Inc. (“Tesla”) appointed Vaibhav Taneja as Chief Monetary Officer along with his present function as Chief Accounting Officer, to succeed Zachary Kirkhorn. Mr. Kirkhorn stepped down as of August 4, after a thirteen-year tenure with the corporate, the final 4 years of which he has served as Grasp of Coin and Chief Monetary Officer. Throughout his tenure, Tesla has seen large growth and development. Tesla thanks Mr. Kirkhorn for his vital contributions. Mr. Kirkhorn will proceed to serve Tesla by means of the top of the 12 months to assist a seamless transition.

The automaker gave some background about Taneja, who isn’t as well-known to shareholders, however he has additionally been at Tesla for some time:

Previous to this appointment as CFO, Mr. Taneja, 45, served as Tesla’s Chief Accounting Officer since March 2019, as Company Controller from Might 2018, and as Assistant Company Controller between February 2017 and Might 2018. Mr. Taneja served in numerous finance and accounting roles at SolarCity Company from March 2016. Previous to that, Mr. Taneja was employed at PricewaterhouseCoopers in each India and the U.S. between July 1999 and March 2016.

Tesla didn’t present a motive for Kirkhorn’s departure, but it surely seems like it’s in good phrases if he’s staying at Tesla till the top of the 12 months.