Tesla’s Vice president of Worldwide Finance Justin McAnear announced his departure from the company just days after we learned that the automaker’s Chief Accounting Officer Dave Morton resigned for a strange reason.
The recent departures are resulting in an important leadership shake-up in Tesla’s finance department.
Morton was Tesla’s second CAO to leave this year and now McAnear becomes the third top-level Tesla finance executive to leave in a short period of time.
In a statement obtained by CNBC, McAnear explained that his departure has been planned for weeks as he accepted “a CFO role at another company”:
“Several weeks ago, I announced to my team that I would be leaving Tesla because I had the chance to take a CFO role at another company. I’ve truly loved my time at Tesla, and I have great respect for my colleagues and the work they do, but this was simply an opportunity I couldn’t pass up. I’ve been working with the team to ensure a smooth transition prior to my last day on October 7th, and a number of members of the team are stepping up to fill my role,”
The shake-ups in Tesla’s finance leadership come at a critical time for the company, which is trying to become profitable by the end of the year.
There has been a lot of focus on executive departures at Tesla, especially after the automaker announced that it is laying off about 9% of its workforce as it restructured the company in June.
But the automaker has also been hiring many new execs.
After announcing a flurry of new executive hires from Apple, Amazon, and more earlier this year, they announced a new head of Energy operations hired from Amazon and a new head of Tesla Europe coming from BMW a few weeks later.