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- EV-maker NIO (NYSE:NIO) said that Mr. Steven Wei Feng has tendered his resignation as the CFO for personal and family reasons, effective July 5, 2024.
- The board of directors approved to concurrently promote the company's senior VP of Finance, Mr. Stanley Yu Qu, as the new CFO.
- Prior to joining NIO (NIO), Mr. Qu held various financial leadership roles at leading multinational companies, including Lear Corporation and Johnson Controls.
- The stock price traded 2.46% lower to $4.87 on Friday during pre-market hours of trading.