Zai Lab promotes Yajing Chen to CFO, replacing Billy Cho effective July 7

Zai Lab Ltd

Yajing Chen promoted to CFO effective July 7, 2023; she was previously Deputy CFO.
William Cho steps down to pursue private equity opportunity; no disagreements with Company.
Chen receives $450,000 base salary, 40% target bonus, option for 20,000 ADSs, and 5,000 RSUs.
Cho gets pro-rated bonus, low six-figure severance, and continued RSU vesting through July 2024 with a three-month trading lock-up.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

William Cho

Chief Financial Officer

ZLAB · Zai Lab Ltd

Effective: 2023-07-07
Successor: Yajing Chen
Filed: July 6, 2023, 7:59 PM ET

Also on July 6, the Company announced that Dr. Chen will be succeeding William Cho, who is stepping down from his role as Chief Financial Officer, effective July 7, 2023.

Appointed

Yajing Chen

Chief Financial Officer

ZLAB · Zai Lab Ltd

Effective: 2023-07-07
Filed: July 6, 2023, 7:59 PM ET

On July 6, 2023, Zai Lab Limited (the “Company”) announced that it has appointed Dr. Yajing Chen as its Chief Financial Officer, effective July 7, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Cho departed as Chief Financial Officer at Zai Lab Ltd.

Action: stepping down
Role: Chief Financial Officer

Exact text from the filing

Also on July 6, the Company announced that Dr. Chen will be succeeding William Cho, who is stepping down from his role as Chief Financial Officer, effective July 7, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yajing Chen was appointed as Chief Financial Officer at Zai Lab Ltd.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 6, 2023, Zai Lab Limited (the “Company”) announced that it has appointed Dr. Yajing Chen as its Chief Financial Officer, effective July 7, 2023.

View on SEC.gov

Zai Lab Ltd filing history →

Source: SEC EDGAR

accession 0001628280-23-024454

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