TuSimple announced the changes to its Board of Directors. The Company announced that Cheng Lu is returning to TuSimple as President of the Company. Mr. Lu previously served as CEO from September 2020 to March 2022, a period of important milestones for TuSimple including the launch of the Autonomous Freight Network (AFN), key partnership deals and a successful IPO. Mr. Lu replaced Dr. Ersin Yumer, TuSimple's Executive Vice President of Operations, who had been serving as the interim President of the Company until a permanent placement could be made.

The Company also announced that Mo Chen, a cofounder and major shareholder of TuSimple, has been named Executive Chairman of the Board. Cheng Lu, CEO of TuSimple, has also been appointed as a new member of the Board. The Board has plans to make subsequent appointments of new independent board members as soon as possible.