Atour Lifestyle Decides To Eliminate Co-COO Position
Portfolio Pulse from Benzinga Newsdesk
Atour Lifestyle has decided to eliminate the Co-COO position as part of its organizational adjustments. Hong Lu has resigned as a director but will continue as senior vice president. Jianfeng Wu has been appointed as a director. Xun Zhang and Gang Chen will no longer serve as Co-COOs but will retain key roles within the company.
July 05, 2024 | 3:01 pm
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NEUTRAL IMPACT
Atour Lifestyle has made significant organizational changes by eliminating the Co-COO position. Hong Lu has resigned as a director but will continue as senior vice president. Jianfeng Wu has been appointed as a director. Xun Zhang and Gang Chen will no longer serve as Co-COOs but will retain key roles.
The elimination of the Co-COO position and the resignation of Hong Lu as a director are significant organizational changes. However, since the affected individuals will continue to hold key roles within the company, the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100