Home
Transportation
Transportation News
Top Tesla Investor Says Tesla Is 'Better Run' After Leadership Shuffle: Report

Top Tesla Investor Says Tesla Is 'Better Run' After Leadership Shuffle: Report

James Anderson, head of global equities for Baillie Gifford told a newspaper that the appointment as chairwoman of Robyn Denholm was a decisive move.

By Reuters | Updated: 9 March 2020 10:44 IST

Top Tesla Investor Says Tesla Is 'Better Run' After Leadership Shuffle: Report

Highlights

Tesla’s biggest institutional investor considers it to be better run now
"We thought he was getting things wrong," James Anderson said
Anderson said the appointment of new chairwoman was a decisive move

Tesla's biggest institutional investor considers Tesla to be "better run" after its regulatory battles following the hiring of independent directors to oversee Chief Executive Officer Elon Musk, the Financial Times reported on Sunday.

"We thought he was getting things wrong," James Anderson, head of global equities for Baillie Gifford, told the newspaper, referring to the company's founder. "I feel more comfortable now."

Anderson said the appointment as chairwoman of Robyn Denholm, one of the company's independent board members since 2014, was a decisive move, according to the report.

Tesla named Denholm as board chair in 2018, fulfilling a demand by the US Securities and Exchange Commission to strip the job from Musk to settle fraud charges against him and Tesla.

Tesla and Baillie Gifford did not immediately respond to requests for comment.

In a recent interview with Barron's, Anderson expressed his support for Musk, but said "I don't think he needs to be CEO."

© Thomson Reuters 2020

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.