Tesla has restructured its leadership slab with appointment of Indian-origin Vaibhav Taneja for their newly hired Chief Financial Officer. In addition to the new role as CFO, the 45-year-old is also working as Chief Accounting Officer of the electric vehicle firm. In the fraternity, Mr. Taneja is popularly called ‘Master of Coin’ due to his understanding on the financial matters.
Vaibhav Taneja was taken over the role as firm’s new CFO after the predecessor Zachary Kirkhorn stepped down from the post on Monday. With the announcement, another name has been added to the long string of Indian-origin CEOs of multinational firms.
Vaibhav Taneja – An Intro
Vaibhav Taneja is a graduate B. Com from University of Delhi in 1999. Mr. Taneja has been serving Tesla since March 2019 as its CAO. He also works as corporate controller of the firm since May 2018. Previously, the finance expert has worked with SolarCity Corporation, a US-based solar panel developer firm that was acquired by Tesla in 2016. He worked as vice-president of that company, post-integration, he gracefully spearheaded merging both the accounting teams.
Past Experiences
Mr. Taneja, before working with SolarCity, gave 17 years to PricewaterhouseCoopers from Jul-1999 to Mar-2016 and managed audits. Alongside, he worked for 17 years with MNCs in sectors like, telecommunication, technology and retail.
Taneja At Tesla
Mr. Taneja was appointed at Tesla as Director Sales for Energy and India Motors Private Limited. He performed a tough task in the slowing down economy, competition with e-vehicle makers especially Chinese manufacturers like BYD along with changing landscape of automobile sector.
Kirkhorn will stay with the company till year end to facilitate a smooth transition. The announcement of this change came days after Tesla’s Q2 2023 earnings report was unveiled. Elon Musk CEO of Tesla has shown high spirits in term of number of deliveries for this year and suspected that the productivity may go down during third quarter.
