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Tuya Announces Changes to Board and Senior Management

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Tuya Inc. (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has announced significant changes to its board and senior management. Ms. Yao (Jessie) Liu has resigned as director, Chief Financial Officer, and senior vice president, effective September 16, 2024, to focus on personal endeavors. Her 5-year tenure included leading Tuya's public listings on the NYSE and HKEX.

Following Ms. Liu's departure, Mr. Yi (Alex) Yang, a director and co-founder, will assume the additional role of Chief Financial Officer. Mr. Yang brings extensive operational leadership experience and a deep understanding of Tuya's business and financial operations. The company affirms its commitment to its long-term strategic vision and maintaining its position as a leading cloud platform service provider.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), un fornitore globale di servizi di piattaforme cloud, ha annunciato cambiamenti significativi nel suo consiglio di amministrazione e nella direzione senior. Ms. Yao (Jessie) Liu si è dimessa dalla sua posizione di direttore, Chief Financial Officer e vicepresidente senior, con effetto dal 16 settembre 2024, per concentrarsi su progetti personali. Il suo mandato di 5 anni ha incluso la guida delle quotazioni pubbliche di Tuya sulla NYSE e sull'HKEX.

Dopo la partenza della signora Liu, Mr. Yi (Alex) Yang, direttore e co-fondatore, assumerà anche il ruolo di Chief Financial Officer. Il signor Yang porta con sé una vasta esperienza nella leadership operativa e una profonda comprensione delle operazioni commerciali e finanziarie di Tuya. L'azienda riafferma il proprio impegno verso la sua visione strategica a lungo termine e il mantenimento della propria posizione di fornitore leader di servizi di piattaforme cloud.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), un proveedor global de servicios de plataformas en la nube, ha anunciado cambios significativos en su junta directiva y en la alta dirección. Ms. Yao (Jessie) Liu ha renunciado a su cargo de directora, directora financiera y vicepresidenta senior, con efecto a partir del 16 de septiembre de 2024, para enfocarse en proyectos personales. Su mandato de 5 años incluyó la dirección de las ofertas públicas de Tuya en la NYSE y en el HKEX.

Tras la salida de la Sra. Liu, Mr. Yi (Alex) Yang, director y cofundador, asumirá el rol adicional de director financiero. El Sr. Yang aporta una amplia experiencia en liderazgo operativo y una profunda comprensión de las operaciones comerciales y financieras de Tuya. La compañía reafirma su compromiso con su visión estratégica a largo plazo y con el mantenimiento de su posición como proveedor líder de servicios de plataformas en la nube.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), 글로벌 클라우드 플랫폼 서비스 제공업체가 이사회 및 고위 경영진에 대한 중요한 변화를 발표했습니다. Ms. Yao (Jessie) Liu는 개인적인 일을 위해 2024년 9월 16일부로 이사, 최고 재무 책임자 및 수석 부사장직에서 사임했습니다. 그녀의 5년 재임 기간에는 Tuya의 NYSE 및 HKEX 상장 주도도 포함되었습니다.

Ms. Liu의 퇴임 후 Mr. Yi (Alex) Yang, 이사 및 공동 창립자는 최고재무책임자 역할을 추가로 맡게 됩니다. Yang 씨는 풍부한 운영 리더십 경험과 Tuya의 비즈니스 및 재무 운영에 대한 깊은 이해를 가지고 있습니다. 회사는 장기 전략 비전과 클라우드 플랫폼 서비스 제공업체로서의 지위를 유지하겠다는 의지를 재확인합니다.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), un fournisseur mondial de services de plateformes cloud, a annoncé des changements significatifs dans son conseil d'administration et sa haute direction. Ms. Yao (Jessie) Liu a démissionné de son poste de directrice, de directrice financière et de vice-présidente senior, avec effet au 16 septembre 2024, pour se concentrer sur des projets personnels. Son mandat de 5 ans a inclus la direction des introductions en bourse de Tuya sur la NYSE et l'HKEX.

Suite au départ de Mme Liu, Mr. Yi (Alex) Yang, un directeur et co-fondateur, assumera également le rôle de directeur financier. M. Yang possède une vaste expérience en leadership opérationnel et une compréhension approfondie des opérations commerciales et financières de Tuya. L'entreprise réaffirme son engagement envers sa vision stratégique à long terme et au maintien de sa position en tant que fournisseur leader de services de plateformes cloud.

Tuya Inc. (NYSE: TUYA; HKEX: 2391), ein globaler Anbieter von Cloud-Plattformdiensten, hat bedeutende Veränderungen im Vorstand und im oberen Management angekündigt. Ms. Yao (Jessie) Liu hat mit Wirkung zum 16. September 2024 als Direktorin, Chief Financial Officer und Senior Vice President zurückgetreten, um sich auf persönliche Projekte zu konzentrieren. Ihre 5-jährige Amtszeit umfasste die Leitung der Börsengänge von Tuya an der NYSE und HKEX.

Nach dem Ausscheiden von Frau Liu wird Mr. Yi (Alex) Yang, ein Direktor und Mitbegründer, die zusätzliche Rolle des Chief Financial Officer übernehmen. Herr Yang bringt umfassende Erfahrung in der operativen Führung sowie ein tiefes Verständnis für die Geschäfts- und Finanzoperationen von Tuya mit. Das Unternehmen bekräftigt sein Engagement für seine langfristige strategische Vision und den Erhalt seiner Position als führender Anbieter von Cloud-Plattformdiensten.

Positive
  • Smooth transition in leadership with co-founder assuming CFO role
  • Continuity in financial and operational strategies assured
  • Company reaffirms commitment to long-term strategic vision
Negative
  • Departure of experienced CFO who led public listings on NYSE and HKEX
  • Potential disruption in financial leadership during transition

SANTA CLARA, Calif., Aug. 26, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that Ms. Yao (Jessie) Liu has tendered her resignation as a director, the Chief Financial Officer and senior vice president of Tuya, effective September 16, 2024. Ms. Liu has made this decision to devote more time to her personal endeavors.

The Company is grateful for the invaluable contributions she made during her more than 5-year tenure. "On behalf of Tuya, I want to express our deep appreciation to Jessie for her invaluable contributions to Tuya. Since joining in 2019, Jessie has been instrumental in our success, particularly in leading our public listings on the New York Stock Exchange in 2021 and the Hong Kong Stock Exchange in 2022," said Mr. Xueji (Jerry) Wang, Tuya's founder, director, and Chief Executive Officer. "Her capital market and financial expertise have been crucial in shaping Tuya's strategic direction and strengthening our position in the global IoT industry. Additionally, Jessie's efforts in driving operational optimization and efficiency management have significantly contributed to enhancing our business and financial profitability, even amidst challenging headwinds. We are immensely grateful for her service and wish her the very best in her future endeavors."

Reflecting on her time at Tuya, Ms. Liu stated, "It has been a tremendous honor to be part of Tuya's journey. I am proud of what we have achieved, especially our commitment to building a global IoT developer ecosystem. I am grateful to Jerry, the Board, and my colleagues for their trust and support throughout the years. As I prepare to devote more time to my personal endeavors, I remain confident in Tuya's bright future as a leading global cloud platform service provider."

Following Ms. Liu's departure, Mr. Yi (Alex) Yang, a director, co-founder of the Company, will take on the additional role of Chief Financial Officer.

Mr. Yang, who will assume the role of Chief Financial Officer, brings extensive experience in operational leadership, including expertise relating to both business and financial management. As a director and co-founder, Mr. Yang has played a pivotal role in Tuya's growth since its startup, funding and strategic direction. His deep understanding of our business and related financial operations, combined with his track record in driving efficiency and profitability, positions him well to continue building on the strong foundation laid by Ms. Liu.

The Company remains fully committed to our long-term strategic vision of being a global leader in the smart solution industry. The transition in leadership will not alter our focus on delivering value to our shareholders, enhancing our developer ecosystem, and maintaining our position as a leading cloud platform service provider. The Board and management team are unified in driving Tuya's growth and ensuring continuity in our financial and operational strategies.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Investor Relations Contact

Tuya Inc.
Investor Relations
Email: ir@tuya.com

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Gary Dvorchak, CFA
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Cision View original content:https://www.prnewswire.com/news-releases/tuya-announces-changes-to-board-and-senior-management-302230828.html

SOURCE Tuya Inc.

FAQ

When will Jessie Liu's resignation from Tuya (TUYA) take effect?

Jessie Liu's resignation as director, CFO, and senior vice president of Tuya (TUYA) will take effect on September 16, 2024.

Who will replace Jessie Liu as CFO of Tuya (TUYA)?

Mr. Yi (Alex) Yang, a director and co-founder of Tuya (TUYA), will take on the additional role of Chief Financial Officer following Jessie Liu's departure.

What major achievements did Jessie Liu accomplish during her tenure at Tuya (TUYA)?

During her 5-year tenure, Jessie Liu led Tuya's (TUYA) public listings on the New York Stock Exchange in 2021 and the Hong Kong Stock Exchange in 2022, and contributed to enhancing the company's business and financial profitability.

How long did Jessie Liu serve as CFO of Tuya (TUYA)?

Jessie Liu served at Tuya (TUYA) for more than 5 years, joining the company in 2019.

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