Business
Faraday Future Promotes Mr. Yueting Jia to Section 16 Officer Position and Executive Officer, Reporting to the Board of Directors
The Board of Directors at Faraday Future has appointed Mr. Yueting Jia (YT) as a Section 16 officer and an executive officer. Mr. Jia will report to the FF
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n\nThe Board of Directors at Faraday Future has appointed Mr. Yueting Jia (YT) as a Section 16 officer and an executive officer. Mr. Jia will report to the FF Board of Directors along with Mr. Xuefeng Chen (XF).\n\n\n\n\nMr. Jia will oversee all aspects of the Company’s Product and Mobility Ecosystem, I.A.I (Internet, Autonomous Driving, and Intelligence) and Advanced R&D technology departments.\n\n\n\n\nThe Company’s User Ecosystem, Capital Markets, Human Resources and Administration, Corporate Strategy, and FF China departments will also report to both Mr. Jia and Mr. Chen. The Company’s remaining departments including Finance will continue to report to Mr. Chen with a single reporting line.\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nFaraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (\"Faraday Future,\" “FF,” or \"Company\"), a California-based global shared intelligent electric mobility ecosystem company, today announced that after an assessment by the Board of Directors (the “Board”) of FF regarding the Company’s management organizational structure, the Board has approved that Mr. Jia will now report directly to the Board (alongside the Global CEO, Mr. Chen). Based on the changes to his responsibilities within the Company, the Board determined that Mr. Jia is an “officer” of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and an “executive officer” of the Company under Rule 3b-7 under the Exchange Act.\n\nMoving forward, both Mr. Jia and Mr. Chen will report to the Board directly. The Board also approved the Company’s Product and Mobility Ecosystem, I.A.I, and Advanced R&D Technology departments will directly report into Mr. Jia, and the Company’s User Ecosystem, Capital Markets, Human Resources and Administration, Corporate Strategy, and FF China departments will report to both Mr. Jia and Mr. Chen, subject to processes and controls to be determined by the Board after consultation with the Company’s management. The Company’s remaining departments including Finance will continue to report to Mr. Chen with a single reporting line.\n\nThe Board has agreed to promote Mr. Jia, the Company's founder and CPUO, to the position of Section 16 officer and executive officer considering the significant, unique, and indispensable long-term value of Mr. Jia to the Com...