- TuSimple Holdings Inc's 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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