Faraday Future founder Yueting Jia loses executive officer status; VP Jerry Wang resigns amid investigation fallout

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective April 12, 2022, YT Jia no longer an executive officer; role limited to Product & Mobility Ecosystem and AI/Advanced R&D, reporting to Executive Chairperson.
Matthias Aydt, SVP Business Development and board member, placed on six-month probation as executive officer; remains non-independent board member.
Vice President Global Capital Markets Jerry Wang resigned April 10, 2022 after being suspended without pay since January 31, 2022.
Actions follow completed independent investigation into disclosure inaccuracies, failures to disclose related party relationships, and lack of cooperation.
Additional disciplinary actions and terminations of non-executive employees also approved by the Board.

item 5.02

Executive movements

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

Role change

Yueting (YT) Jia

Chief Product & User Ecosystem Officer

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-04-12
Filed: April 14, 2022, 7:59 PM ET

Mr. Jia’s role will be limited to focusing on (a) Product and Mobility Ecosystem and (b) Internet, Artificial Intelligence, and Advanced R&D technology, and he will no longer be an executive officer;

Departed

Jiawei (Jerry) Wang

Vice President, Global Capital Markets

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-04-10
Filed: April 14, 2022, 7:59 PM ET

On April 10, 2022, Jiawei (Jerry) Wang, the Company’s Vice President, Global Capital Markets, who had been suspended without pay since January 31, 2022, notified the Board of his decision to resign from the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yueting (YT) Jia changed role as Chief Product & User Ecosystem Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: continues as Chief Product & User Ecosystem Officer but no longer an executive officer
Role: Chief Product & User Ecosystem Officer

Exact text from the filing

Mr. Jia’s role will be limited to focusing on (a) Product and Mobility Ecosystem and (b) Internet, Artificial Intelligence, and Advanced R&D technology, and he will no longer be an executive officer;

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jiawei (Jerry) Wang resigned as Vice President, Global Capital Markets at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: resigned
Role: Vice President, Global Capital Markets

Exact text from the filing

On April 10, 2022, Jiawei (Jerry) Wang, the Company’s Vice President, Global Capital Markets, who had been suspended without pay since January 31, 2022, notified the Board of his decision to resign from the Company.

View on SEC.gov

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001628280-22-009221

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