Faraday Future appoints Matthias Aydt as Global CEO; Xuefeng Chen returns to FF China CEO role

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Xuefeng Chen resigns as Global CEO and Board member effective Sept 29, 2023; no disagreement.
Board appoints Matthias Aydt (former SVP of Business Development) as new Global CEO and Board member, effective Sept 29.
Chen becomes FF China CEO and EVP of Global Industrialization, focusing on China launch and supply chain.
Chen's new compensation: base salary $750K, bonus up to $450K; total cash target reduced 20% to $1.2M.
Aydt to focus on boosting FF 91 2.0 Futurist Alliance production and deliveries.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mattias Aydt

Global Chief Executive Officer and Member of the Board of Directors

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2023-09-29
Filed: September 21, 2023, 7:59 PM ET

the Board appointed Mattias Aydt to succeed Mr. Chen as Global Chief Executive Officer and as a member of the Board, effective September 29, 2023.

Appointed

Xuefeng Chen

FF China Chief Executive Officer and Executive Vice President of Global Industrialization

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2023-09-29
Filed: September 21, 2023, 7:59 PM ET

Effective September 29, 2023, Mr. Chen will resume his prior position as FF China Chief Executive Officer, based in China, and will assume a new role as Executive Vice President of Global Industrialization of the Company.

Departed

Xuefeng Chen

Global Chief Executive Officer and Member of the Board of Directors

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2023-09-29
Successor: Mattias Aydt
Filed: September 21, 2023, 7:59 PM ET

Xuefeng Chen notified Faraday Future Intelligent Electric Inc. (the “Company”), of his decision to resign from his position as Global Chief Executive Officer of the Company effective September 29, 2023. Mr. Chen also resigned from his position as a member of the Board of Directors of the Company (the “Board”) effective September 29, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mattias Aydt was appointed as Global Chief Executive Officer and Member of the Board of Directors at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: Global Chief Executive Officer and Member of the Board of Directors

Exact text from the filing

the Board appointed Mattias Aydt to succeed Mr. Chen as Global Chief Executive Officer and as a member of the Board, effective September 29, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Xuefeng Chen was appointed as FF China Chief Executive Officer and Executive Vice President of Global Industrialization at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: FF China Chief Executive Officer and Executive Vice President of Global Industrialization

Exact text from the filing

Effective September 29, 2023, Mr. Chen will resume his prior position as FF China Chief Executive Officer, based in China, and will assume a new role as Executive Vice President of Global Industrialization of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Xuefeng Chen resigned as Global Chief Executive Officer and Member of the Board of Directors at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: resigned
Role: Global Chief Executive Officer and Member of the Board of Directors

Exact text from the filing

Xuefeng Chen notified Faraday Future Intelligent Electric Inc. (the “Company”), of his decision to resign from his position as Global Chief Executive Officer of the Company effective September 29, 2023. Mr. Chen also resigned from his position as a member of the Board of Directors of the Company (the “Board”) effective September 29, 2023.

View on SEC.gov

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-078366

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