Power appointed Nan (Richard) Hu as Chief Executive Officer effective August 17, 2026, and Xun (Kenneth) Li will cease serving as Interim Chief Executive Officer while remaining CFO.
| IndividualNan (Richard) HuXun (Kenneth) Li | RoleChief Executive Officer (will become principal executive officer)Interim Chief Executive Officer (will cease); Chief Financial Officer (continues) | Type of ChangeAppointedCessation of Interim CEO role | Effective DateAugust 17, 2026 (Start Date)Effective as of the Start Date (August 17, 2026) | ReasonAppointment following Board's CEO succession planning and search processAppointment of Mr. Hu as CEO | Replacement InfoN/AReplaced as Interim CEO by appointment of Mr. Hu | Background Details25+ years global leadership; most recently VP & GM, Americas Region, Turbo & Thermal Technology at BorgWarner (2020-2026); prior senior roles at Delphi Technologies, Eberspächer, Magna Steyr, Magneti MarelliWill continue as Chief Financial Officer; received interim CEO cash compensation of $10,000/month effective May 12, 2026, prorated through day before Start Date | Board/Committee Role ChangesNot disclosedNot disclosed |
Original SEC Filing:
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