Self-driving trucking firm TuSimple appoints CFO, reconstitutes audit panel

CreateAl Holdings

16/12/2022 14:00

Dec 16 (Reuters) - TuSimple Holdings Inc  TSP.O 
appointed interim financial chief Eric Tapia on a permanent
basis and reconstituted its audit committee, the self-driving
trucking firm said on Friday, weeks after an internal probe
revealed links to a China-backed firm.
    The company reappointed former chief executive Cheng Lu as
its top boss last month after it fired his predecessor Xiaodi
Hou following the probe.
    The investigation by its board revealed that some employees
spent paid hours last year working for Hydron Inc, a startup
working on autonomous trucks mostly in China.
    TuSimple also said on Friday it had appointed three new
independent board members last week.
    "With the appointment of Eric as permanent CFO, three new
independent board members in the last week, the reconstitution
of the Board's Audit Committee and other board committees, we're
moving forward with our plan to restore accountability and
transparency to this company," CEO Lu said.
    Tapia joined TuSimple in 2021, and has been the interim
chief financial officer since July 7.
    Shares of San Diego, California-based TuSimple edged higher
in premarket trading.
 (Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Chavi.Mehta@thomsonreuters.com;))