XPeng (XPEV) just lately underwent a big organizational restructuring led by new president Wang Fengying, who’s approaching her one-year anniversary within the function.
The restructuring, reported by native media outlet Jiemian, encompasses adjustments in advertising, human sources, information, manufacturing, and product planning.
Zhang Li, former Nice Wall Motor common supervisor, joined XPeng a number of months in the past to move manufacturing, whereas Jiang Ziyang, beforehand a senior marketing consultant at consulting agency Ries Technique, now leads product planning. Huang Ronghai, former head of XPeng’s Information Intelligence Middle, is now accountable for human sources, and Chen Dan, the previous head of human sources, has left the corporate.
XPeng knowledgeable high-ranking staff of the specifics of the restructuring by way of e-mail final week. President Wang, who began her function on January 30, 2023, and is liable for product planning, portfolio administration, and gross sales operations, expressed dissatisfaction with Xpeng (NYSE:)’s efficiency over the previous yr, main to those adjustments.
The good driving and automotive connectivity divisions of XPeng had been much less impacted by the restructuring, as R&D-related work falls below the accountability of CEO He Xiaopeng. Li Liyun, accountable for good driving, and Chen Yonghai, overseeing the web middle, report on to Mr. He.
Shares of XPEV are down 3.16% in afternoon buying and selling on Monday.
