Electric car manufacturer Tesla has appointed a new chair of its board, as Robyn Denholm will take over for the deposed Elon Musk immediately.

The move comes after Musk was forced to step down from his position due to an agreement with the Securities and Exchange Commission (SEC).  He was accused of fraud after a series of Tweets about taking the company into private ownership.  Musk was fined $20 million and forced to step down as board chair, although he will remain CEO of the company.

Denholm, a native of Australia, will take over full time after leaving her role of chief financial officer and head of strategy at Telestra.