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Benzinga

Business

Akanksha Bakshi

TuSimple Names Xiaodi Hou As CEO, Chairman

TuSimple Xiaodi Hou TSP TuSimple Holdings Inc

TuSimple Holdings Inc's (NASDAQ:TSP) Co-Founder and CTO Xiaodi Hou succeeds Cheng Lu as President and Chief Executive Officer and Mo Chen as Chairman of the Board, effective today.
Lu will serve as an Advisor until March 2023 to ensure an effective transition.
The move is part of a planned executive succession as TuSimple moves to its next phase of commercializing L4 autonomous trucking technology.
Price Action: TSP shares are trading lower by 7.72% at $15.66 during the premarket session on Thursday.

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