Elon Musk-led electric vehicle and solar energy company Tesla (TSLA) announced on Monday that its accounting head Vaibhav Taneja will serve as CFO after taking over for Zachary Kirkhorn, who is retiring after 13 years at the company, though he will stay until December to help in an easier transition, according to filings with the Securities and Exchange Commission.
Vaibhav Taneja Age & Work Experience
Taneja, 45, joined Tesla after its acquisition of SolarCity, where he held positions in finance and accounting. Since February 2017, he has served as assistant corporate controller. From 1999 to 2016, Taneja worked at PricewaterhouseCoopers – both in India and the United States, according to Tesla’s SEC filing.
Vaibhav Taneja Education
Taneja graduated with a BCom from Delhi University and has over two decades of experience working for multinational technology, finance, retail and telecommunications companies out of the US, Dubai, London, and Mumbai offices. Taneja’s tenure with Tesla will enable it to manage cash flow more effectively while decreasing debt levels and increasing shareholder returns.
Vaibhav Taneja Bio
Tesla’s decision to promote Taneja was due to his “abundant talent, strategic thinking and financial acumen,” according to an official statement. Taneja has played an essential part in their move into mass production of their Model 3 sedan for middle-class buyers and also led the expansion of global manufacturing capabilities and expansion in Asia. Ever since the news of his promotion came out, the Vaibhav Taneja Twitter has been flooded with tweets from all around the world.
Vaibhav Taneja CFO Tesla
Taneja will assume his new responsibilities as Tesla CFO by overseeing all aspects of financial operations at Tesla, such as finance, accounting and tax functions, regulatory affairs, investor relations projects as well as strategic initiatives. He will report directly to CEO/co-founder Elon Musk as well as board members Andreas Moeser, Jason Murdock, and Arcady Fathi.
Vaibhav Taneja Family
Taneja has two daughters with his wife. In his free time, he enjoys hiking, biking and yoga, as well as reading technology-related literature and serving as a volunteer coach for local Little League teams.
Vaibhav Taneja Net Worth
On July 6th, Taneja sold 4,459 Tesla shares for a net profit of $2,947,330 through a Form 4 filing with the Securities Exchange Commission, as per regulations for insider trading at publicly-traded companies that own more than 10% of shares in that firm. Though the Vaibhav Taneja Tesla salary hasn’t been disclosed yet, he is supposed to have a whopping net worth of over 50 million USD.
