© Reuters. President Wang leads organizational restructuring at XPeng (XPEV)
XPeng (XPEV) not too long ago underwent a major organizational restructuring led by new president Wang Fengying, who’s approaching her one-year anniversary within the position.
The restructuring, reported by native media outlet Jiemian, encompasses modifications in advertising and marketing, human assets, knowledge, manufacturing, and product planning.
Zhang Li, former Nice Wall Motor basic supervisor, joined XPeng just a few months in the past to move manufacturing, whereas Jiang Ziyang, beforehand a senior guide at consulting agency Ries Technique, now leads product planning. Huang Ronghai, former head of XPeng’s Knowledge Intelligence Heart, is now in control of human assets, and Chen Dan, the previous head of human assets, has left the corporate.
XPeng knowledgeable high-ranking workers of the specifics of the restructuring through e mail final week. President Wang, who began her position on January 30, 2023, and is answerable for product planning, portfolio administration, and gross sales operations, expressed dissatisfaction with Xpeng (NYSE:)’s efficiency over the previous 12 months, main to those modifications.
The sensible driving and automobile connectivity divisions of XPeng have been much less impacted by the restructuring, as R&D-related work falls underneath the accountability of CEO He Xiaopeng. Li Liyun, in control of sensible driving, and Chen Yonghai, overseeing the web heart, report on to Mr. He.
Shares of XPEV are down 3.16% in afternoon buying and selling on Monday.