TuSimple Appoints Michelle Sterling to its Board of Directors

Rhea-AI Summary

TuSimple (Nasdaq: TSP) announced the appointment of Michelle Sterling as an Independent Director and Chairperson of the Compensation Committee. Sterling brings 25 years of experience from Qualcomm, where she managed HR and business transactions. TuSimple's CEO, Cheng Lu, emphasized her expertise in talent management will be vital for the company's growth in autonomous freight technology. Sterling expressed enthusiasm for driving innovation in the trucking industry, highlighting its potential for low-cost and efficient solutions.

Positive

• Appointment of Michelle Sterling is expected to enhance talent management and organizational strategy.
• Sterling's extensive experience at Qualcomm could bring valuable insights into business expansion.

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• None.

SAN DIEGO, Oct. 19, 2021 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a San Diego-based global self-driving technology company, today announced the appointment of Michelle Sterling to its Board of Directors as an Independent Director. Sterling will also serve as Chairperson of its Compensation Committee.

Sterling is the former Executive Vice President of Human Resources and Chief Human Resources Officer for Qualcomm, the world's leading wireless communications technology company. Throughout her 25-year tenure with the company, Sterling led Qualcomm's 33,000 employees through complex business transactions including acquisitions, joint ventures and divestitures, large-scale integration planning and significant international growth.

"Michelle is an expert in navigating the changing global technology landscape and its implications on talent," said Cheng Lu, President and CEO at TuSimple. "Her expertise will bring tremendous value to TuSimple and help us continue to attract and develop high caliber talent as we bring our autonomous freight capacity to market at scale."

Sterling was also a member of Qualcomm's executive committee working closely with its Board of Directors, and currently serves on the Board of Directors, Governance and Compensation and Human Capital Committees for Digital Turbine, an application and content delivery platform.

"I'm honored to be joining TuSimple's Board of Directors during this exciting time of expansion and innovation," said Sterling. "The trucking industry is ripe with opportunity, and I'm looking forward to working alongside TuSimple and my fellow Board members to bring the most reliable, low-cost freight solution to market while setting a new standard for safety and efficiency."

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 Level 4 (SAE) 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 proprietary AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously and consume 10% less fuel than manually driven trucks. Visit us at www.tusimple.com

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SOURCE TuSimple Holdings Inc.

FAQ

Who is Michelle Sterling in relation to TuSimple?

Michelle Sterling has been appointed as an Independent Director and Chairperson of the Compensation Committee at TuSimple.

What is Michelle Sterling's experience prior to joining TuSimple?

Michelle Sterling served as Executive Vice President of Human Resources at Qualcomm, managing HR for 33,000 employees over 25 years.

How might Michelle Sterling's appointment impact TuSimple's future?

Her expertise in navigating the technology landscape may enhance TuSimple's talent management and support its growth in the autonomous freight sector.

What is TuSimple's focus in the trucking industry?

TuSimple is focused on developing autonomous freight solutions aimed at transforming the $4 trillion global truck freight industry.