Tesla has a brand new CFO in addition to a brand new chief accounting officer.
The electrical automotive firm introduced Thursday that it has appointed Zachary Kirkhorn has its new chief monetary officer, a place he’ll take over from Deepak Ahuja, who’s retiring and can turn into a senior advisor.
Kirkhorn has been with Tesla since 2010 and has been the corporate’s vp of finance, monetary planning, and enterprise operations since December of final yr.
Vaibhav Taneja was introduced as Tesla’s new chief accounting officer. Taneja was beforehand the corporate’s Company Controller.
As a part of their promotions, Tesla has mentioned that Kirkhorn will obtain a stock-option grant of $12 million and a restricted inventory unit grant of $four million, which is able to vest over 4 years. Taneja will obtain a inventory possibility grant of $6 million and a restricted inventory unit grant of $2 million, which is able to vest over 4 years.
Tesla CEO Elon Musk introduced plans earlier this yr to close down a variety of Tesla shops as a method to save cash and assist the corporate decrease the price of its Mannequin three. Earlier this month, the Wall Avenue Journal reported that Tesla may run into points with that plan because of offers it has in place with landlords at its retail properties, lots of whom it would owe cash to even when it needs to shut the shop.