Nio’s CFO Feng retires, EV manufacturer names insider to take over

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Nio's CFO Feng retires, EV manufacturer names insider to take over
Nio's CFO Feng retires, EV manufacturer names insider to take over

From 2013 to 2016, Qu served in finance leadership positions at Lear Corporation and Johnson Controls before joining Nio.

With immediate effect, China-based electric carmaker Nio announced on Friday that Steven Wei Feng had resigned as its chief financial officer, citing personal reasons. Stanley Yu Qu, an insider who joined the business in October 2016 and most recently held the position of senior vice president of finance, will succeed Feng. Qu is currently in charge of guiding the business’s finances through a number of obstacles the electric vehicle sector must overcome, including a pricing war and more stringent regulations on Chinese imports.

From 2013 to 2016, Qu served in finance leadership positions at Lear Corporation and Johnson Controls before joining Nio. Ten years before, he had also worked at PwC, an accounting business. Nio’s U.S.-listed shares fell 2.5 percent in premarket trade.

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