Lotus Technology Announces Management and Board Changes
Lotus Technology (Nasdaq: LOT) announced key leadership changes, with Mr. Daxue Wang appointed as Chief Financial Officer effective April 8, 2025, replacing Mr. Alexious Lee who resigned for personal reasons but remains on the board. Wang brings extensive financial experience from his previous role as CFO at Radar Auto and positions at various financial institutions.
Additionally, the company appointed Ms. Catherine Cai as an independent director and member of multiple board committees, effective March 31, 2025. Cai brings over three decades of investment banking experience, including senior positions at UBS, Citigroup, and Bank of America Merrill Lynch.
Lotus Technology (Nasdaq: LOT) ha annunciato importanti cambiamenti nella leadership, con Mr. Daxue Wang nominato Chief Financial Officer a partire dall'8 aprile 2025, sostituendo Mr. Alexious Lee che si è dimesso per motivi personali ma rimane nel consiglio di amministrazione. Wang porta con sé una vasta esperienza finanziaria dal suo precedente ruolo di CFO presso Radar Auto e da posizioni in diverse istituzioni finanziarie.
Inoltre, l'azienda ha nominato Ms. Catherine Cai come direttore indipendente e membro di più comitati del consiglio, con effetto dal 31 marzo 2025. Cai vanta oltre tre decenni di esperienza nel settore dell'investment banking, inclusi ruoli di alto livello presso UBS, Citigroup e Bank of America Merrill Lynch.
Lotus Technology (Nasdaq: LOT) anunció cambios clave en el liderazgo, con Mr. Daxue Wang nombrado como Director Financiero a partir del 8 de abril de 2025, reemplazando a Mr. Alexious Lee, quien renunció por motivos personales pero permanece en la junta. Wang aporta una amplia experiencia financiera de su anterior cargo como CFO en Radar Auto y de posiciones en diversas instituciones financieras.
Además, la compañía nombró a Ms. Catherine Cai como directora independiente y miembro de múltiples comités de la junta, con efecto a partir del 31 de marzo de 2025. Cai cuenta con más de tres décadas de experiencia en banca de inversión, incluidos puestos de alto nivel en UBS, Citigroup y Bank of America Merrill Lynch.
로터스 테크놀로지 (Nasdaq: LOT)는 주요 리더십 변화를 발표하며, Mr. Daxue Wang을 2025년 4월 8일부터 최고 재무 책임자로 임명하고, 개인적인 사유로 사임한 Mr. Alexious Lee를 대체한다고 전했습니다. Wang은 Radar Auto에서 CFO로 근무한 경험과 여러 금융 기관에서의 경력을 보유하고 있습니다.
또한, 회사는 Ms. Catherine Cai를 독립 이사 및 여러 위원회의 위원으로 임명하며, 2025년 3월 31일부터 효력을 발생합니다. Cai는 UBS, Citigroup 및 Bank of America Merrill Lynch에서의 고위직을 포함하여 30년 이상의 투자은행 경험을 가지고 있습니다.
Lotus Technology (Nasdaq: LOT) a annoncé des changements clés dans sa direction, avec Mr. Daxue Wang nommé Directeur Financier à compter du 8 avril 2025, remplaçant Mr. Alexious Lee qui a démissionné pour des raisons personnelles mais reste au conseil d'administration. Wang apporte une vaste expérience financière de son précédent poste de CFO chez Radar Auto et de diverses institutions financières.
De plus, l'entreprise a nommé Ms. Catherine Cai en tant que directrice indépendante et membre de plusieurs comités du conseil, à compter du 31 mars 2025. Cai possède plus de trois décennies d'expérience en banque d'investissement, y compris des postes de direction chez UBS, Citigroup et Bank of America Merrill Lynch.
Lotus Technology (Nasdaq: LOT) gab wichtige Änderungen in der Führung bekannt, wobei Mr. Daxue Wang ab dem 8. April 2025 als Chief Financial Officer ernannt wurde und Mr. Alexious Lee ersetzt, der aus persönlichen Gründen zurückgetreten ist, aber im Vorstand bleibt. Wang bringt umfangreiche finanzielle Erfahrung aus seiner vorherigen Rolle als CFO bei Radar Auto und aus verschiedenen Positionen in Finanzinstitutionen mit.
Zusätzlich ernannte das Unternehmen Ms. Catherine Cai zur unabhängigen Direktorin und Mitglied mehrerer Ausschüsse des Vorstands, mit Wirkung zum 31. März 2025. Cai bringt über drei Jahrzehnte Erfahrung im Investment Banking mit, einschließlich leitender Positionen bei UBS, Citigroup und Bank of America Merrill Lynch.
- Appointment of experienced CFO with strong financial institution background
- Addition of seasoned independent director with three decades of investment banking expertise
- Retention of former CFO on board maintaining continuity in leadership
- Sudden CFO resignation could indicate potential internal challenges
NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced changes to its management team and board of directors.
The board of directors of the company (the “Board”) has approved the appointment of Mr. Daxue Wang as the Chief Financial Officer (“CFO”) of the Company effective April 8, 2025. Mr. Wang is a seasoned executive across corporate and prominent financial institutions, most recently serving as CFO of Radar Auto. Prior to that, Mr. Wang held several executive positions in Zhejiang Kangsheng, Huzhou Moshan Asset Management, Morgan Stanley Securities, ICBC Credie Suisse Asset Management and Citi Group. The Board believes that Mr. Wang is highly qualified and a suitable candidate. The appointment came after Mr. Alexious Lee tendered his resignation as CFO of the Company for personal reasons on April 3, 2025. Mr. Lee will remain as a member of the board of directors.
As previously announced on its filing with the U.S. Securities and Exchange Commission, the Company has also appointed Ms. Catherine Cai as an independent director as well as a member of the audit committee, the compensation committee, and the nominating and corporate governance committee of the Company’s board of directors, with effect from March 31, 2025. Ms. Catherine Cai has more than three decades of experience in China's investment banking industry and has held senior positions at international investment banks. She was Group Managing Director, Global Executive Vice Chairman, and Chairman of Greater China at UBS. She also held multiple senior positions at Citigroup and Bank of America Merrill Lynch.
Mr. Qingfeng Feng, Chief Executive Officer of Lotus, said: “We are delighted to welcome Mr. Daxue Wang as our new CFO. Mr. Wang brings years of financial and operational experience with a proven track record for driving financial excellence. I would also like to thank Mr. Alexious Lee for his contributions as CFO and look forward to his continued support as a board member.”
Mr. Donghui Li, Chairman of Lotus’ board of directors, commented: “We are honored to welcome Ms. Catherine Cai to our board. Her deep expertise in investment banking will bring significant value to the shareholders as we continue to execute our long-term vision.”
About Lotus Technology Inc.
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contact Information
For investor inquiries
ir@group-lotus.com
FAQ
Who is the new CFO of Lotus Technology (LOT) and when does the appointment take effect?
Why did Alexious Lee step down as CFO of Lotus Technology (LOT)?
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