* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

FF Changes Global CEO Again, Jia Yueting Increases Stock Holdings with Salary

September 23, 2023
in Technology
FF Changes Global CEO Again, Jia Yueting Increases Stock Holdings with Salary
Share on FacebookShare on Twitter

On September 22nd, Faraday Future (referred to as FF) announced that the board of directors has appointed Matthias Aydt, who has been working at FF for many years, as the global CEO of FF, effective from September 29th, 2023. At the same time, the current global CEO of FF, Chen Xuefeng, will be based in China starting from September 29th, 2023 and continue to serve as the CEO of FF China while also taking on the role of Vice President for Global Industrialization at FF.

FF stated that going forward, Aydt will focus on driving the production and delivery of FF 91 2.0 Futurist Alliance, while Chen Xuefeng will shift his attention to the launch of FF 91 2.0 Futurist Alliance in China and the company’s next stage of development, including implementing the dual home market strategy between China and the United States. Additionally, Chen Xuefeng will be primarily responsible for advancing FF’s business in China, which includes establishing a joint venture company in China, entering the Chinese market, integrating the Chinese supply chain, and continuously reducing costs.

According to the information, Matthias Aydt has been working at FF for over seven years. He is currently the Executive Director of FF Products and has also held positions such as Head of FF Product Definition, Mobile Ecosystems, and Business Development. Prior to joining FF in July 2016, Matthias Aydt served as Vice President of Vehicle Engineering at Qoros Auto and held various positions at Magna Steyr.

After the appointment announcement, Matthias Aydt also stated, “FF is currently focusing on increasing the production of FF 91 and starting to generate revenue, improve product and technological capabilities, as well as develop next-generation products including artificial intelligence. I hope that my experience in high-end automotive brand’s product technology, research, and development will bring more value and leadership to FF.”

SEE ALSO: Faraday Future’s China Headquarters Will Be Located in Huanggang

For Matthias Aydt, who is about to become the global CEO of FF, how to solve the company’s funding issues remains the biggest challenge. On September 20th, at a public event, FF founder Jia Yueting stated that in August this year, the company achieved two major milestones: firstly, completing all compliance procedures before mass production and delivery of vehicles in the United States; secondly, receiving all necessary components from the supply chain and starting vehicle deliveries to customers.

Jia Yueting stated that this is an important sign of the company’s positive fundamentals. However, he also pointed out that due to a shortage of funds, FF’s production capacity is slowly increasing and the delivery progress is slow, far from meeting market demand.

In June of this year, Jia Yueting wrote a letter to all investors, admitting that the delivery of FF 91 in the second phase was delayed and that the company was indeed facing financial problems. He proposed that low stock prices, insufficient number of shares available for issuance, and lengthy time required for share registration were three technical bottlenecks hindering FF’s financing. Therefore, FF decided to implement measures related to merger and expansion of shares to address these issues.

After the opening of the US stock market on August 28th, FF’s stocks underwent a consolidation at a ratio of 80:1. This first resolved the delisting risk faced by FF due to its persistently low stock price. Jia Yueting also stated on September 20th that FF had received compliance notice from NASDAQ last week.

However, after the merger, FF’s stock price continued to decline. On September 21st, FF’s stock price dropped by 6.15% and closed at $3.66 per share. To boost investor confidence, on September 22nd, FF announced a management increase plan which includes voluntary salary deductions and stock purchases agreements signed by company executives and management members such as Matthias Aydt, Chen Xuefeng, Jia Yueting, interim CFO Jonathan Maroko, and Chief Accountant Han Yun.

FF stated that, according to Nasdaq’s requirements, the executives and management members of these companies have committed to using 50% of their salaries to purchase Class A common stocks of the company within three months, subject to shareholder approval of the agreement. This is intended to further demonstrate their confidence in and support for the company’s business. These stocks will be locked up for a minimum of 180 days from the date of issuance, and all participants will exchange cash for Class A common stocks.

However, the impact of using management salaries to buy stocks on the capital market is very limited. Taking Chen Xuefeng as an example, according to FF’s disclosure, his annual salary will be reduced by 20% to $1.2 million because he no longer serves as global CEO, including a base salary of $750,000 and an annual performance bonus of $450,000. If calculated based on the base salary, Chen Xuefeng’s monthly funds for buying stocks in the next three months would be approximately $31,000.

Sign up today for 5 free articles monthly!

Pandaily Substack subscribe

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/ff-changes-global-ceo-again-jia-yueting-increases-stock-holdings-with-salary/

Tags: ChangesGlobaltechnology
Previous Post

Kunlun Tech Acquires $93 Million Controlling Stakes in Aijie Kexin for AI Chip Development

Next Post

Meituan Delivery Takes Four Months to Expand From Kowloon to Hong Kong Island

79-year old man competing in his 16th World Police and Fire Games – WVTM

79-year old man competing in his 16th World Police and Fire Games – WVTM

June 29, 2025
The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

June 29, 2025

WATCH: Health Secretary RFK Jr. Faces Intense Questioning on Vaccine Policy and Transparency in House Hearing

June 29, 2025
Jimmy Patronis hails House passage of bill benefitting military, veterans – Florida Politics

Jimmy Patronis Cheers House Approval of Landmark Bill Backing Military and Veterans

June 29, 2025
Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

June 29, 2025
Fireworks sales support Folsom youth sports: ‘This is our biggest fundraiser’ – Sacramento Bee

Fireworks Sales Ignite Support for Folsom Youth Sports: “This Is Our Biggest Fundraiser

June 29, 2025
Murder, she measured: The impressive science behind Agatha Christie’s poisons – Big Think

Deadly Secrets Unveiled: The Fascinating Science Behind Agatha Christie’s Poisons

June 28, 2025
Science and social norms – Golf Course Management magazine

How Science is Revolutionizing Social Norms in Golf Course Management

June 28, 2025
Study Links Skipping Breakfast to Poor Diet and Lifestyle Habits in Teens – Olive Oil Times

Study Links Skipping Breakfast to Poor Diet and Lifestyle Habits in Teens – Olive Oil Times

June 28, 2025
What Worries the World – June 2025 – Ipsos

Top Global Concerns Shaping June 2025

June 28, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (699)
  • Economy (723)
  • Entertainment (21,613)
  • General (15,615)
  • Health (9,762)
  • Lifestyle (727)
  • News (22,149)
  • People (723)
  • Politics (729)
  • Science (15,939)
  • Sports (21,219)
  • Technology (15,707)
  • World (703)

Recent News

79-year old man competing in his 16th World Police and Fire Games – WVTM

79-year old man competing in his 16th World Police and Fire Games – WVTM

June 29, 2025
The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

June 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version