Brief: TuSimple Announces Termination Of Chief Executive Officer And Search For New CEO

CreateAl Holdings

31/10/2022 09:51

Oct 31 (Reuters) - TuSimple Holdings Inc  TSP.O :
    * TUSIMPLE ANNOUNCES TERMINATION OF CHIEF EXECUTIVE OFFICER
AND
THE INITIATION OF A SEARCH FOR A NEW CHIEF EXECUTIVE OFFICER
    * TUSIMPLE HOLDINGS - BOARD OF DIRECTORS HAS TERMINATED DR.
XIAODI
HOU, CHIEF EXECUTIVE OFFICER, PRESIDENT AND CHIEF TECHNOLOGY
OFFICER OF COMPANY
    * TUSIMPLE HOLDINGS - BOARD REMOVED DR. HOU FROM POSITION AS
CHAIRMAN OF BOARD & MEMBER OF GOVERNMENT SECURITY COMMITTEE,
EFFECTIVE AS OF OCT 30, 2022
    * TUSIMPLE - ERSIN YUMER,  EXECUTIVE VICE PRESIDENT OF
OPERATIONS,
AGREED TO SERVE AS INTERIM CEO, PRESIDENT OF CO DURING PENDENCY
OF EXECUTIVE SEARCH
    * TUSIMPLE HOLDINGS INC - BRAD BUSS, OUR LEAD INDEPENDENT
DIRECTOR, WILL BE CHAIRMAN OF BOARD
    * TUSIMPLE HOLDINGS INC - BOARD IS ALSO ACTIVELY ENGAGED IN
SEARCH
TO ADD NEW INDEPENDENT MEMBERS TO BOARD
    * TUSIMPLE - ACTIONS TAKEN IN CONNECTION WITH ONGOING
INVESTIGATION LED BY AUDIT COMMITTEE THAT LED BOARD TO CONCLUDE
CHANGE OF CEO WAS NECESSARY
    * TUSIMPLE HOLDINGS - REMAINS ON TRACK TO ACHIEVE ITS FULL
YEAR
2022 FINANCIAL GUIDANCE AS PREVIOUSLY DISCLOSED ON AUGUST 2,
2022

Source text for Eikon:  ID:nPncgyhzLa 
Further company coverage:  TSP.O 
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