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Robyn Denholm has been appointed chair of Tesla's board, replacing CEO Elon Musk, the company said late Wednesday The change was required as part of Tesla's $20 million settlement with the SEC. Tesla also has to add two more independent directors to the board by December 28, per the settlement.  Robyn Denholm, an Australian telecoms executive, has been appointed chair of Tesla's board of directors following the company's $20 million settlement with the US' top stock market regulator.  Per its agreement with the Securities and Exchange Commission, Tesla had 45 days to replace CEO Elon Musk as chair, a deadline it met by about a week. It also has 90 days from the September 29 settlement — December 28 — to add two more independent directors,  Tesla's billionaire CEO isn't the only the only Tesla director to come under fire recently. The board has been criticized for a lack of relevant automotive experience, with the exception of Denholm, who spent seven years at Toyota in Australia.  Kimball Musk, Elon Musk's brother, and James Murdoch, son of British media mogul Rupert Murdoch, have also been called unfit for their posts by major proxy advisory firm Glass Lewis. Other groups, like pension representatives CtW Investment Group and the elected officials from multiple states have called for changes above and beyond required in the SEC settlement.  (Read more: Elon Musk criticized federal regulators on Twitter and said the $20 million fine he paid over his 'funding secured' tweet was 'worth it' )As we wait for news on what other two independent directors will be added to the board, Business Insider has rounded up the company' eight directors into one succinct list. Here's a look at the group guiding Tesla and advocating for its shareholders:  SEE ALSO: Tesla's board has formed a special committee to consider going private FOLLOW US: on Facebook for more car and transportation content! Robyn M. Denholm Robyn Denholm, one of the few Tesla directors with automotive experience, has been a director since August 2014 and was appointed to chair the board on November 7.  After being educated in Australia and spending the first seven years of her career at Toyota in the country, Denholm spent 11 years as a Senior Vice President at Sun Microsystems, the subsidiary of Oracle, according to Tesla's website.  The 54-year-old currently serves as CFO and head of strategy for Telstra, Australia's largest telecom provider, where she was previously head of operations, according to Bloomberg. The company said she will leave her post at Telstra after a six-month notice period.  Denholm will also temporarily step down as chair of Tesla's audit committee until her time at Telstra is complete. She also on the board's compensation, and nominating and corporate governance committees.  As part of her incentive package, Denholm will receive an annual cash retainer of $300,000 after leaving Telstra along with 8,000 stock options annually, the company said.  Elon Musk, Chairman Elon Musk served as the chairman of Tesla's board of directors from April 2004 — when he led Tesla Motors' (as it was then called) first round of $7.5 million in financing he made from selling PayPal to eBay for $1.5 billion two years prior — until November 8 when he was replaced by Robyn Denholm.  At the time of his appointment, the then 32-year-old already deep into work on his other company SpaceX. He would become CEO of Tesla three years later, in August 2007, taking over from temporary CEO Michael Marks.  Musk is Tesla's largest shareholder, owning just under 20% of the company's outstanding stock. In 2017, he took home $49,920 in salary, according to regulatory filings.  As part of his $20 million settlement with the US' Securities and Exchange Commission, Musk was forced to turn over his role as chairman of Tesla's board to an independent director for at least three years. In 2021, he could theoretically become chairman again, if appointed by the board and approved by shareholders.      Kimbal Musk Kimball Musk, brother of CEO Elon Musk, has long been the target of criticism given his family relationship to the company.  Ahead of Tesla's annual meeting in May, CtW Investment Group, which represents union and pension investments in the company, said he "has no professional experience in the auto industry, and has proven ineffective as a public company director at Chipotle." Musk, who owns a small restaurant chain called The Kitchen Cafe as well as an urban farming venture, lacks "any relevant industry experience or possessing a track record of effective public company board service," the firm said. According to Tesla's website, Musk's non-profit organization "permanent, outdoor Learning Garden classrooms in underserved schools around the U.S. reaching over 125,000 students everyday." Musk is one of the longest serving Tesla directors, having joined the board in 2004. He serves on none of the board's three committees.  See the rest of the story at Business Insider