Cheng Lu, ousted as CEO of autonomous truck developer TuSimple in an unannounced succession plan in March, is returning to his former role effective immediately, and the company’s co-founders removed the board’s four independent directors, according to a Securities and Exchange Commission filing late Thursday.
The boardroom drama left TuSimple in violation of Nasdaq listing rules that requires a majority of independent directors. The company said it will return to compliance before a delisting...
https://www.freightwaves.com/news/source-cheng-lu-to-return-as-ceo-at-tusimple