Indian-origin 45-Year-old Vaibhav Taneja, the current Chief Accounting Officer (CAO) of Elon Musk’s Tesla, has been appointed as Tesla’s new Chief Financial Officer (CFO). As the previous finance chief Zachary Kirkhorn announced his decision to step down, the automaker said in a company filing on August 7.
Taneja’s Career Journey
Vaibhav Taneja is a commerce graduate from the University of Delhi in India.
In January 2021, Vaibhav Taneja was also appointed as the director for Tesla’s Indian arm, Tesla India Motors and Energy Private Limited. Vaibhav has an experience of more than 20 years in accounting.
He has worked with various multinational companies in technology, finance, retail, and telecommunications. His professional experience included tenure at the ‘Big Four’ firm PricewaterhouseCoopers. At the PwC, he served for a whopping 17 years up until March 2016.
Mr Taneja has served as Tesla’s CAO since March 2019 and as the Corporate Controller since May 2018. He served as the Assistant Corporate Controller between February 2017 and May 2018, and from March 2016, served in various finance and accounting roles at SolarCity Corporation, a US-based solar panel developer acquired by Tesla in 2016.
Taneja’s journey with Tesla began in 2017 after he switched from the solar energy firm SolarCity taken over by Tesla. He was initially the vice president of SolarCity. Later, the role evolved into that of corporate controller. Taneja is described to have played a major role in the successful integration of the accounting teams from both companies. Alongside his primary responsibility as chief accounting officer, he assumed the significant role of “Master of Coin” within the organization, the company said.
Which Skills Tanuja has
Based on Taneja’s skillset and experience, he has a diverse background with expertise in technology, retail, and telecommunication sectors, as well as a strong understanding of US GAAP. Additionally, he has significant experience working with C-suite individuals, Audit Committees, and Board members of both large and small-cap companies.
Taneja’s problem-solving capabilities are well-developed, and he focuses on providing business-oriented solutions based on his in-depth industry knowledge. He is also experienced in financial statement audits and preparing documents for filing with the SEC. Furthermore, he has assisted several clients through initial and secondary public offerings, indicating proficiency in capital markets and corporate finance.
Another area of expertise for Taneja lies in assisting companies to identify areas for revenue enhancement by rationalizing and streamlining existing processes. He has a track record of helping companies establish and streamline their business processes effectively.
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