NIO Inc (NYSE: NIO), a China-based electric car company, this morning announced the resignation of its chief financial officer.
Steven Wei Feng, whom has served in the role of CFO since 2019, has reportedly resigned for “personal and family reasons.” His departure is effective immediately.
Further details on his departure were not provided.
On a go-forward basis, Stanley Yu Qu, formerly Nio’s senior vice president of finance, will be taking on the role. Qu has been with the company since 2016, serving in the firms finance department. Prior to Nio, he reportedly served in financial leadership roles at Johnson Controls and Leer Corporation.
NIO last traded at $4.87 on the NYSE.
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