American automaking giant, Tesla announced the appointment of Indian-orgin, Vaibhav Taneja, as its chief financial officer to replace Zachary Kirkhorn, who will be stepping down from the position. Taneja will function as CFO in addition to his current role as chief accounting office, the firm said in an official statement.

Taneja joined Tesla when the company purchased SolarCity in 2016. At the firm, he initially served as the assistant corporate controller, and was promoted to the corporate controller ​in May 2018. Following which he was appointed as the chief accounting officer in 2019.

Before Tesla, Taneja worked at PwC, a consultancy and tax services firm, in both India and the U.S. between July 1999 and March 2016. He holds a bachelor's degree in commerce from Delhi University and studied accounting at the Institute of Chartered Accountants of India. I’m extremely proud of the work we’ve done together since I joined over 13 years ago."

Meanwhile, Kirkhorn, who has been with Tesla for 13 years, will stay on until the end of the year to ensure a smooth transition, the firm announced. In a LinkedIn post, Kirkhorn said, "Being a part of this company is a special experience and I’m extremely proud of the work we’ve done together since I joined over 13 years ago."​