Luckin Coffee has replaced co-founder and (now ex-) chairman Charles Zhengyao Lu, despite his efforts to maintain control over the troubled Beijing-based coffee chain. The company disclosed in an SEC filing on Monday that Jinyi Guo, another co-founder, board member and former acting chief executive of Luckin, has been appointed as its new chairman and chief executive officer. In today’s SEC filing, Luckin also said a total of four directors have left the board (Lu, David Hui Li, Erhai Liu and Sean Shao) and two new independent directors have been appointed.
Topics: charles zhengyao lu beijing-based jinyi guo david hui li erhai liu sean shao jie yang political science law ying zeng orrick herrington sutcliffe el paso corporation s june rmb us april jenny zhiya qian luckin coffee united states luckin lu sec lu china nasdaq chairman charles board chief directors company allegations executive disclosed filing million control fraud officer appointed co-founder month delist vice
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