NaaS Technology Announces Alex Wu, President, CFO And Director Of The Company, Resigned From The Company For Personal Reasons, Effective August 9, 2024; Appoints Mr. Steven Sim To Succeed Mr. Wu As CFO, Effective August 12, 2024
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NaaS Technology Inc. (NASDAQ:NAAS) announced that Alex Wu, President, CFO, and Director, has resigned for personal reasons effective August 9, 2024. Steven Sim will succeed him as CFO starting August 12, 2024. Wu will remain in an advisory role until November 8, 2024, to ensure a smooth transition.
August 12, 2024 | 12:18 pm
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NaaS Technology Inc. announced the resignation of Alex Wu, President, CFO, and Director, effective August 9, 2024. Steven Sim will succeed him as CFO starting August 12, 2024. Wu will remain in an advisory role until November 8, 2024, to ensure a smooth transition.
The resignation of a key executive like the President and CFO can create uncertainty, but the appointment of a successor and the advisory role of the outgoing executive should mitigate major disruptions. The market reaction is likely to be neutral in the short term.
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