Tesla released a statement a short time ago saying that Denholm had handed in her notice at Telstra and would take on the full-time chair role "effectively immediately".
Denholm has served on the Tesla Board as an independent director since 2014. The U.S. agency filed a lawsuit alleging that Musk duped investors in August with misleading statementson Twitter about securing the funding to take Tesla private.
FoxNews.com automotive editor Gary Gastelu on Tesla's money troubles and Mike Manley, Fiat Chrysler's replacement for longtime CEO Sergio Marchionne.
The settlement with the securities watchdog required Musk and Tesla to each pay $20 million in fines (€17.5 million). Musk and Tesla settled with the Securities and Exchange Commission (SEC) in September after the USA agency sued for fraud.
Tesla rose as much as 0.6 percent percent to $350.25 as of 8:30 a.m.in NY, before the start of regular trading.
Board member Robyn Denholm was named as Tesla chair late on Wednesday.
Russian fighter jet intercepts US Navy plane
EP-3 Aries aircraft flying November 5, 2018, in global airspace over the Black Sea being intercepted by a Russian Su-27. EP-3 aircraft, adding that it made an additional pass after activating its afterburners to create more turbulence.
Michigan Proposals 2 and 3 have passed
In Missouri, voters will be asked to chose between three separate proposals legalizing medical marijuana to varying degrees. In the 2018 midterm elections, four states voted on various stages of legalization, whether medical or recreational.
Denholm is no stranger to Silicon Valley: She's had senior roles at companies including Juniper Networks, where she was chief financial officer, and Sun Microsystems, as well as seven years at Toyota back home in Australia.
Tesla's board, which includes Musk's brother Kimbal, has long come under fire from corporate governance experts for lacking independence and being comprised of Musk loyalists.
Mr Musk was also obliged to relinquish his role as chairman for three years.
Tesla, which has never reported an annual profit, also came under strain over production schedules for its Model 3 electric vehicle, its newest auto aimed at a wider market.
Despite the scandals, Tesla made a profit of $312m in the third quarter, well ahead of Wall Street forecasts, with revenues of $6.8bn. The aim is to provide stronger oversight to match Tesla's growing stature and market value. In it, Musk said he was considering taking Tesla private at $420 a share - and had funding secured.
That drew attention from the SEC because the tweet pushed up Tesla's stock price and harmed short-sellers who bet that the share price would fall.
Djokovic , Federer , Zverev , Anderson , Cilic , Thiem , Nishikori and Isner are the eight aspirants to win the Finals. But he has time on his side - Federer has already celebrated his 37th birthday while injury-plagued Nadal is 32.
"We will see if Barcelona is qualified for the next stage, and of course we're going to go to Barcelona trying to win the game". There was some conjecture about whether it should be ruled an own goal, however, match officials awarded the goal to Kane.
The Argentine was in spectacular form in the final third and celebrated the landmark from close range early on. Morata has scored 21 times in 63 appearances for Chelsea since arriving from the Bernabeu.
Bell has been working out in Miami this season, but on Monday he tweeted "Fairwell Miami" without further explanation. It appears that speculation has been confirmed as Bell approaches a deadline to join the Steelers this year.
In 2017, his final season in Dallas, Bryant started all 16 games and finished with 69 receptions for 838 yards and six touchdowns. The person spoke to The Associated Press Wednesday on condition of anonymity because the roster move has not been announced.
Breaking Bad starred Cranston as chemistry teacher Walter White, who turned to manufacturing meth after being diagnosed with cancer.
Virat Kohli lashes out at fan
I loved to watch Sunil Gavaskar bat, but also loved watching (Gordon) Greenidge, (Desmond) Haynes and Viv Richards. Just like he violated BCCI's contract with Nike when travelling to England to support Puma.