Tesla’s VP of worldwide finance and operations leaving company

Tesla is known for its high rate of executive turnover.Chris Pizzello / AP

• Justin McAnear, Tesla’s vice president of worldwide finance and operations, is leaving the company, Bloomberg first reported.
• Tesla confirmed to Business Insider that McAnear is leaving and shared the following statement:
• “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. Any other speculation as to why I’ve left is simply inaccurate. 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.”

Justin McAnear, Tesla’s vice president of worldwide finance and operations, is leaving the company, Bloomberg first reported.

Tesla confirmed to Business Insider that McAnear is leaving and shared the following statement:

“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. Any other speculation as to why I’ve left is simply inaccurate. 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.”

Tesla is known for its high rate of executive turnover. Last week saw three senior employees leave the company: head of human resources Gabrielle Toledano, chief accountant Dave Morton, and head of communications Sarah O’Brien (her departure was announced in August, but her final day at the company was Friday, according to Bloomberg).

This is a developing story. Check back for updates.

Have a Tesla news tip? Contact this reporter at [email protected].

Get the latest Tesla stock price here.