The stock price has plummeted! The successor will be →, Tesla veteran resigns veteran | Tesla | successor
This week Tesla announced that its Chief Financial Officer, Zakari Kirkhorn, has resigned as CFO. The current Chief Accounting Officer will become his successor, and he will continue to serve until the end of the year to help Tesla transition.
△ Video from CCTV Finance's "Tianxia Finance" program
Kilckhorn is a veteran of Tesla, who worked in Tesla's finance department for 13 years and began serving as CFO 4 years ago. When he took office, Tesla's annual free cash flow was only roughly balanced, but it had increased to over $7 billion last year. His resignation surprised the market even more, and on the day of the news, Tesla's stock price fell by over 4% during trading.
![The stock price has plummeted! The successor will be →, Tesla veteran resigns veteran | Tesla | successor](https://a5qu.com/upload/images/370833bf7934244601f9c85ac0204179.jpg)
In the past four years, Kirchhorn himself has also achieved wealth appreciation. According to data compiled by Bloomberg, he accumulated $590 million in net assets during his tenure as CFO, mainly Tesla stocks and options.