Faraday future board of directors appoints xuefeng (“xf”) chen as global chief executive officer to boost the ff 91 futurist production and achieve the long-term goals of the company

Los angeles--( business wire )--faraday future intelligent electric inc., a california-based global shared intelligent electric mobility ecosystem company (nasdaq: "ffie") (“ff”, "faraday future" or "the company"), announced today that the ffie board of directors has appointed ff china ceo xuefeng (“xf”) chen as global ceo of faraday future, effective immediately. mr. chen replaces carsten breitfeld, who was removed as global ceo by the ffie board of directors following a comprehensive evaluation of the company's performance since it went public in july 2021. pursuant to the company's corporate governance guidelines, management directors are required to tender their resignation from the board upon their removal as an officer of the company. the board has requested that mr. breitfeld tender his resignation from the board in accordance with such corporate governance guidelines. as global ceo, mr. chen is tasked with delivering the ff 91 futurist to market, delivering on the promise made to ff stockholders, investors, global partners, users and employees.
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