According to Western media, Tesla’s CEO Ilon Mask will resign as chairman of the board of directors and pay a $ 20 million fine, the US Securities and Exchange Commission said. In retirement, the 47-year-old Musk will leave within 45 days of the signing of the agreement. According to him, Musk will also not seek re-election and be appointed chairman for three years. Nevertheless, he will continue to be the general director of the company and will retain his seat on the board of directors.

To this decision led the scandal that erupted in August after the publication of the businessman on Twitter. Then he wrote that he was ready to buy out all the shares of the company at a price much higher than their real value. True, after a few days he refused this idea, but the company’s shares then skyrocketed in price. The US Securities and Exchange Commission considered this act of a billionaire a gross violation of the law and accused Mask of fraud. Former lover Amber Hurd called these accusations “unreasonable” and stated that he was “deeply saddened and disappointed”.

Now Tesla will appoint two independent directors to his board. According to many shareholders, the company was too tightly controlled by Mask, as well as other closely related people.

The businessman himself has not commented on this news yet.

 (Photo by Pascal Le Segretain/Getty Images)