Faraday will replace the global CEO in the future, Jia Yueting promised to buy the company's shares with 50% of his salary.

Thanks to CTOnews.com netizen Brother Black fly's left hand clue delivery! CTOnews.com Sept. 22, Faraday Future Faraday Future (FF) today announced the appointment of Matthias Aydt, who has worked at FF for many years, as the global CEO of FF, effective September 29, 2023.

At the same time, XF, the current global CEO of FF, will be based in China from September 29, 2023 and will continue to serve as the CEO of FF China and the executive vice president of global industrialization of FF.

FF officials said Matthias Aydt will focus on driving the production and delivery of FF 91 2.0 Futurist Alliance. Chen Xuefeng will focus on the launch of FF 91 2.0 Futurist Alliance in China and the next phase of the company's development, including the landing of the Sino-US home strategy.

In addition, Chen Xuefeng will also focus on the promotion of the company's business in China, including Chinese joint ventures, entering the Chinese market, integrating the Chinese supply chain and continuing to reduce costs.

CTOnews.com learned from the announcement that Matthias Aydt has worked at FF for more than seven years and is now head of product execution at FF. He has also served as head of FF product definition, mobile ecosystem and business development. Prior to joining FF, Matthias Aydt worked in automotive companies and vehicle factories and suppliers for many years, leading the project management and vehicle engineering team.

At the same time, FF announced management stock purchase plans, including Matthias Aydt, founder and chief product and ecosystem officer of FF, YT Jia, founder and chief product and ecosystem officer of FF, XF Chen, executive vice president of global industrialization and CEO of China, acting chief financial officer Jonathan Maroko and chief accounting officer Yun Han. And other executives and management members have voluntarily signed a salary deduction and stock purchase agreement.

In accordance with the requirements of Nasdaq, subject to shareholders' approval of the agreement, these company executives and management members promised to spend 50% of their salary on purchasing class A common shares within three months, to further demonstrate their confidence and support for the company's business. These shares will be locked up for at least 180 days from the date of issue. All participants will exchange cash for Class A common shares of the company.