TuSimple's Hou says he was removed as chair, CEO 'without cause'

CreateAl Holdings

31/10/2022 17:03

Oct 31 (Reuters) - The former chief executive of
self-driving technology company TuSimple  TSP.O , Xiaodi Hou, on
Monday confirmed he had been removed as chairman and CEO by the
company's board, adding in a WeChat post the move was "without
cause."
    Hou's ouster came after The Wall Street Journal reported the
company was being investigated by the FBI, U.S. Securities and
Exchange Commission (SEC) and Committee on Foreign Investment
about its relationship with China-backed Hydron Inc.
    Hou described the board's process as "questionable at best,"
denied any wrongdoing, and said he did not intend to sell shares
in the company.
 (Reporting By Kevin Krolicki; editing by Peter Henderson and
Chris Reese)
 ((peter.henderson@thomsonreuters.com; 323 251 4827;))