TuSimple Brings Again Cheng Lu as CEO – Gear

Autonomous driving know-how firm TuSimple introduced in a press release the appointment of a everlasting chief government officer and adjustments to its board of administrators. 

Xiaodi Hou, TuSimple CEO, president and chief know-how officer, was fired Oct. 30 on account of an inside investigation that started in July. The Wall Road Journal additionally reported that TuSimple was going through federal investigations into whether or not it improperly financed and transferred know-how to a Chinese language startup. At difficulty is TuSimple’s relationship with Hydron Inc., began in 2021 by Mo Chen, TuSimple’s co-founder.

The corporate introduced that Cheng Lu is returning to TuSimple as CEO and president. Lu beforehand served as CEO from September 2020 to March 2022, a interval of milestones for TuSimple, together with the launch of the Autonomous Freight Community, key partnership offers, and a profitable IPO. 

Lu changed Ersin Yumer, TuSimple’s government vp of operations, who had been serving because the interim CEO and president of the corporate.

“I am returning as TuSimple’s CEO with a way of urgency to place our firm again on monitor,” stated Lu in a press release. “We have handled turmoil this previous yr, and it is important that we stabilize operations, regain the belief of our stakeholders, and supply the proficient workforce at TuSimple with the help and management they deserve.

“I look ahead to the chance to execute on our imaginative and prescient, which hasn’t wavered since we began this firm seven years in the past, and I’m dedicated to being open and clear on our progress as we transfer ahead.”

The corporate additionally introduced that Mo Chen, a cofounder and main shareholder of TuSimple, has been named government chairman of the board. Cheng Lu has additionally been appointed as a brand new member of the board. The board has plans to make subsequent appointments of latest unbiased board members as quickly as doable.