– USA, CA – TuSimple Holdings, Inc. (Nasdaq: TSP), today announced the appointment of Cheng Lu to its Board of Directors as President and CEO, replacing interim CEO Dr. Ersin Yumer who is also EVP of Operations.
Mr. Lu previously served as CEO from September 2020 to March 2022.
The Company also announced that co-founder and major shareholder Mo Chen has been named Executive Chairman of the Board of Directors.
“I’m returning as TuSimple’s CEO with a sense of urgency to put our company back on track,” said CEO, Cheng Lu. “We’ve dealt with turmoil this past year, and it’s critical that we stabilize operations, regain the trust of our stakeholders and provide the talented team at TuSimple with the support and leadership they deserve. I look forward to the opportunity to execute our vision, which hasn’t wavered since we started this company seven years ago, and I am committed to being open and transparent on our progress as we move forward.”
About TuSimple
TuSimple is a global autonomous driving technology company headquartered in San Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing a commercial-ready, fully autonomous driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company’s leading AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously, and reduce fuel consumption by 10%+ relative to manually driven trucks.
For more information: https://www.tusimple.com/
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