The announcement scotches reports that James Murdoch was the frontrunner for the job.
Musk said in August he was considering taking Tesla private in a $420 a share and that he had secured funding for a deal that was later scuttled but attracted scrutiny from several government agencies.
In the settlement, the SEC pulled back from its demand that Musk, who is synonymous with the Tesla brand, be barred from running Tesla, a sanction that many investors said would be disastrous.
A Tesla spokesman said Ms Denholm would receive an annual cash retainer of $300,000, with $8000 in stock options annually.
The settlement required Tesla and Musk to pay a fine of $20 million each and for Musk to give up his chairman role for three years.
She will also be leaving her role as CFO and Head of Strategy at Telstra, Australia's largest telecommunications company, after a six-month notice period there, to focus on her work as Tesla chair full-time, the company said in a statement. Tesla is searching for two more independent directors.
Before moving to Telstra, she worked for Silicon Valley firms Sun Microsystems and Juniper Networks as well as consultants Arthur Anderson and Toyota.
Tesla Inc said board member Robyn Denholm will replace Elon Musk as its Chair, more than a month after the billionaire had to step down as the electric-car maker's Chair as part of a settlement with USA regulators.
"I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value", she said in the statement.
The statue will be official unveiled on Saturday as part of the centennial observances marking 100 years of Polish independence. The move prompted Polish leaders to quickly draw up plans for an inclusive march Sunday that could be embraced by all citizens.
A video went viral on Chinese social media site Weibo in which a male employee was being beaten with a belt. As he was being whipped with a belt by another man, other people stood around him and watched.
Harvick said that he thought if he could prevent him from concluding the corner, he could drive back by him. "It all worked out". By time they got to the backstretch, Harvick had pushed his No. 4 Ford in front and raced to his eighth win of this season.
The witness said the suspect had a handgun and then he also saw the smoke bombs and the guard being shot. The gunman was still believed to be inside the bar an hour later, according to a police official.
On Friday, 118 members of the 225-seat legislature met the speaker and called for the reconvening of parliament. Tens of thousands of Sri Lankans marched on Monday in support of the government led by Mahinda Rajapaksa .
The Irish airline has officially recognised multiple European unions over the course of this year in a bid to improve relations. Last month, a photo of a few crew members lying on the floor of the Málaga Airport in Spain went viral on social media.
Of course, the question is if this is too little, too late to preserve Florida State's record streak of 36 consecutive bowl games. Known for his passing, Nembhard instead was part of a Gators team that had more turnovers (16) than assists (nine).
Le roi du Maroc, Mohamed VI, propose à l'Algérie " la création d'un mécanisme politique conjoint de dialogue et de concertation ". L'Algérie a, suite au différend sur le Sarhara occidental, fermé ses frontières terrestres avec le Maroc depuis 2014.
United States midterm elections results as they come in
A separate storm front in central Tennessee overnight killed one person, injured two others and also left thousands without power. Among those expected: Vice President Mike Pence and former House Speaker Newt Gingrich, an informal adviser to the president.
Over 3 lakh diyas lit
A similar attempt failed to break the record a year ago , when strong winds blew over numerous lamps. The target was to light 3.35 lakh diyas on both sides of ghats at Ram Ki Paidi in Ayodhya .
Democrats capture House while GOP holds Senate, CNN projects
Among those expected: Vice President Mike Pence and former House Speaker Newt Gingrich, an informal adviser to the president. All 435 seats in the House, 35 seats in the 100-member Senate and 36 of the 50 state governorships were up for grabs.