UPDATE: TuSimple Holdings Inc. (TSP) PT Lowered to $45 at Morgan Stanley
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TuSimple Announces CEO and Chairman Succession Plan
March 3, 2022 8:03 AM ESTSAN DIEGO, March 3, 2022 /PRNewswire/ --Â TuSimple (Nasdaq: TSP) today announced its executive leadership succession plan. 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. This is part of a planned executive succession as the Company moves to its next phase of commercializing L4 autonomous trucking technology. Mr. Lu will serve as an Advisor to the CEO until March 2023 to further ensure an effective transition.
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