Business
GigaCloud Technology Inc Announces Changes to its Board of Directors
WALNUT, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B
About this update from Gigacloud Technology Inc
[{"type":"text","content":"WALNUT, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced changes to the composition of its board of directors (the “Board”). Mr. Xin Wan, who served as the Company’s executive director, and Mr. Kainan Qian, who served as the Company’s non-executive director, have each resigned as a director of the Board, effective August 16, 2023. Mr. Wan will continue to serve as the Company’s chief technology officer. Mr. Thomas Liu and Mr. Binghe Guo, who served as the Company’s independent directors, will retire from the Company’s Board effective on August 16, 2023 when their terms of office expire. The Board would like to express its sincere gratitude and appreciation to Mr. Wan, Mr. Qian, Mr. Liu and Mr. Guo for their contribution to the Company during their tenure of service in the Board. On August 10, 2023, the Board appointed each of Mr. Jan (John) William Visser and Ms. Lorri Kelley to serve as a director of the Board. Each of Mr. Visser and Ms. Lorri Kelley was also appointed to serve on the Audit Committee, the Nominating and Corporate Governance Committee and the Compensation Committee of the Board. Each of Mr. Visser and Ms. Lorri Kelley will receive compensation in accordance with the Company’s compensation arrangements for independent directors. Mr. Visser is the Vice President of Global Logistics for doTERRA International since August 2018. Previously, he worked at Walmart, Inc. for almost 19 years where he had various responsibilities, including his last role as a vice president leading teams to provide strategic direction, talent development, process efficiency expertise and cost reduction support to Walmart's international markets. Mr. Visser has also served on Brigham Young University’s Global Supply Chain Advisory Board since 2011. Mr. Visser received his bachelor’s degree in Spanish Translation from Brigham Young University in 1992 and his MBA from the Thunderbird School of Global Management in 1996. Mrs. Kelley is an established business executive, and in 2018 she founded Lorri Kelley Advisors, Inc., a strategic consulting firm providing services and guidance for manufacturers, retailers and a variety of service companies throughout the home and furniture indu...