Tesla's long-standing finance vice president decides to depart
In a surprising move, Tesla's Vice President of Finance and Business Operations, Sreela Venkataratnam, has announced her resignation after 11 years with the electric vehicle company. Venkataratnam took to LinkedIn to share her decision, describing her time at Tesla as "nothing short of extraordinary."
Venkataratnam joined Tesla as director of finance operations in 2013 and played a significant role in the company's growth, contributing to the ramp-up of the Model S, Model X, Model 3, Model Y, the Cybertruck, and the construction of several new factories. She was also involved in Tesla's energy products business.
In her farewell message, Venkataratnam specifically mentioned the integrity, dedication, and collaboration of her teammates and colleagues as instrumental in their shared success. She expressed hope to find another opportunity similar to Tesla, where she can drive impactful change and contribute to a meaningful mission.
As of now, the person who will replace Venkataratnam is not explicitly named. It's worth noting that Laurie Shelby is the only woman on Tesla's executive team, according to The Wall Street Journal.
Interestingly, Venkataratnam and Shelby were not among the top five highest-paid executives at Tesla in 2023, as per the company's most recent proxy filing. The post did not specify a reason for Venkataratnam's resignation.
Meanwhile, Drew Baglino, former SVP of powertrain, and Rebecca Tinucci, former senior director of charging infrastructure, are set to join Uber Technologies in September.
Before making her next career move, Venkataratnam plans to take a break to spend time with family and friends. She expressed gratitude to her colleagues who supported her during her tenure at Tesla.
The departure of Venkataratnam marks a significant change in Tesla's leadership, and it will be interesting to see who takes on her role and how the company continues to grow in the future.
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