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Xiaodi Hu [1] is the former CEO of TuSimple [2], an autonomous trucking company with headquarters in San Diego, California. According to his LinkedIn profile,
by guessmyname 4y ago
Xiaodi Hu [1] is the former CEO of TuSimple [2], an autonomous trucking company with headquarters in San Diego, California.
According to his LinkedIn profile, he was a co-founder and CTO for 6 years and 8 months (August 2015 to March 2022), then became CEO for 8 months (from March 2022 to October 2022) and a board member for 6 months (from October 2022 to March 2023), until yesterday when he resigned due to disagreements with Cheng Lu, the current CEO [3].
If you read the LinkedIn post [4], which some people have reposted in this thread, you will learn a bit more about what type of disagreements caused his resignation; long story short: for criticizing their decision to change the direction of technology developments and for refusing to support the lucrative CEO executive compensation package while simultaneously laying off 25% of its staff, about 350 employees, among other things.
Reuters published an article on November 11, 2022 [5], that supposedly explains the reasons why Xiaodi Hu resigned (or was fired) from Cheng Lu’s perspective, if you want to read the other side of the story. Long story short: due to an internal probe that showed some employees had ties and shared information with a China-backed firm: Hydron Inc., autonomous trucking [6]
The two-sentence 8-K SEC filing [7] if anyone wants to read.
[1] https://www.linkedin.com/in/xiaodihou/ https://www.linkedin.com/in/xiaodihou/
[2] https://www.tusimple.com/ https://www.tusimple.com/ (NASDAQ: TSP)
[3] https://www.linkedin.com/in/cheng-lu-8b134718/ https://www.linkedin.com/in/cheng-lu-8b134718/
[4] https://www.linkedin.com/posts/xiaodihou_last-night-i-read-for-the-first-time-the-activity-7041526468257992705-4BFy https://www.linkedin.com/posts/xiaodihou_last-night-i-read-f...
[5] https://www.reuters.com/business/autos-transportation/tusimple-names-new-ceo-replaces-ex-boss-fired-after-probe-into-ties-chinese-firm-2022-11-11/ https://www.reuters.com/business/autos-transportation/tusimp...
[6] https://hydron.com/ https://hydron.com/
[7] https://www.sec.gov/ix?doc=/Archives/edgar/data/0001823593/000119312523069185/d458483d8k.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001823593/0...