Form 8-K TuSimple Holdings Inc. For: Mar 02

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Go back to Form 8-K TuSimple Holdings Inc. For: Mar 02

TuSimple (TSP) Shares Slammed After CEO Replaced

March 3, 2022 5:16 PM EST

TuSimple (Nasdaq: TSP) shares fell 22% Thursday after the company announced a shake-up at the very top of the C-Suite. TuSimple Co-Founder and CTO Xiaodi Hou will succeed Cheng Lu as President and Chief Executive Officer and succeed Mo Chen as Chairman of the Board, effective today.

The executive succession is part of the companys plans to move to its next phase of commercializing L4 autonomous trucking... More