Thursday 28 March 2024
  • La Cimbali
  • Triesteexpresso

Luckin Coffee removes Charles Zhengyao, names Jinyi Guo as CEO and chairman of the board

Must read

TME - Cialdy Evo
Mumac
Demuslab

MILAN – Luckin Coffee Inc announced Monday its board has appointed Jinyi Guo as the board’s chairman and company’s CEO. Guo, a director and former acting CEO, replaces founder and former chairman Charles Zhengyao Lu, who was voted out by shareholders, the company said Monday in a statement. Luckin also said it removed four directors from its board, including Lu, and named two new directors after an extraordinary general meeting of shareholders on July 5 and a board meeting the following week.

The company’s statement reads as follows: “Pursuant to the results of the EGM, Ms. Jie Yang and Ms. Ying Zeng have been appointed as independent directors to the Board, and Mr. David Hui Li, Mr. Erhai Liu, Mr. Charles Zhengyao Lu and Mr. Sean Shao ceased to be directors to the Board. Pursuant to the results of the Board Meeting, Mr. Yang Cha and Mr. Feng Liu have been appointed as independent directors to the Board. Mr. Jinyi Guo, a director to the Board and the former Acting Chief Executive Officer of the Company, has been appointed as the Chairman to the Board and the Chief Executive Officer of the Company. “

“Following the forgoing changes, the Board currently consists of five independent directors namely Mr. Yang Cha, Mr. Wai Yuen Chong, Mr. Feng Liu, Ms. Jie Yang and Ms. Ying Zeng, and three management directors, namely Mr. Wenbao Cao, Mr. Jinyi Guo and Mr. Gang Wu, with Mr. Jinyi Guo serving as the Chairman to the Board. The Nominating and Corporate Governance Committee of the Board currently consists of Mr. Yang Cha, Mr. Wai Yuen Chong and Mr. Jinyi Guo, with Mr. Wai Yuen Chong serving as its chairman; the Audit Committee of the Board currently consists of three independent directors, namely Mr. Yang Cha, Mr. Wai Yuen Chong and Mr. Feng Liu, with Mr. Feng Liu serving as its chairman; the Compensation Committee of the Board currently consists of Mr. Feng Liu, Mr. Gang Wu, Ms. Jie Yang and Ms. Ying Zeng, with Ms. Ying Zeng serving as its chairwoman.”

Dear Reader,
you are not required to purchase anything for certain limited use of Comunicaffe International.
However, if you do not purchase a subscription, your access to our contents will be limited.
For further information about our subscriptions please visit the subscription page.

Triesteexpresso

 

If you are already subscribed please type here your credentials:

CIMBALI
  • REPA
  • Dalla Corte

Latest article

  • Franke Mytico
  • Dalla Corte