Tesla's Deepak Ahuja To Earn $500,000 a Year As CFO

By Claudia Assis Markets MarketWatch Pulse

Deepak Ahuja, who will rejoin Tesla Inc. as the company's chief financial officer in April, will earn an annual base salary of $500,000 in addition to a $15 million new-hire stock grant, Tesla said in a filing Friday. The equity will be granted and will vest over four years in accordance with the company's standard equity policies, Tesla said. Ahuja served as Tesla CFO from July 2008 until November 2015, when he was replaced by Jason Wheeler. Wheeler announced his resignation on Wednesday as Tesla reported fourth-quarter results. Wheeler will remain at the company through early April to ensure a smooth transition, Tesla said. At a conference call with analysts after the Tesla CEO Elon Musk said Ahuja's appointment is not a temporary assignation.

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