Phoenix Motor Names Its Chairman Xiaofeng Peng To Replace Lance Zhou As CEO Effective Immediately - Filing
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor has named its Chairman Xiaofeng Peng as the new CEO, replacing Lance Zhou with immediate effect. Peng will continue to serve as Chairman of the Board of Directors in addition to his CEO duties.
June 07, 2023 | 10:37 am
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Phoenix Motor's Chairman Xiaofeng Peng has been appointed as the new CEO, replacing Lance Zhou. Peng will also continue as Chairman of the Board.
The appointment of Xiaofeng Peng as CEO is a significant change in the company's leadership. However, as Peng is already the Chairman of the Board, the impact on the stock price is expected to be neutral in the short term. The market may take a wait-and-see approach to assess the new CEO's performance and future plans for the company.
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