TuSimple Adds Independent Directors To Government Security Committee

SAN DIEGO, Jan. 17, 2023 /PRNewswire/ – Today, TuSimple (Nasdaq.TSP), a global autonomous driver technology company, announced that its board is now independent James Lu And Wendy Hayes after being granted a non-objection by the Committee on Foreign Investment in, were appointed to TuSimple’s Government Security Committee The United States (CFIUS). This news means that all three independent members of TuSimple’s board are now on the Government Security Committee. They have been cleared by extensive background checks and have been vetted by the federal government.

The Government Security Committee’s chair is an independent member of the board and Government Security Director. Michael Mosier He has many years of experience in federal government, including time at the U.S. Department of Justice and White House National Security Council, as well as, most recently, at U.S. Department of Treasury, where he was the Acting Director of Treasury’s Financial Crimes Enforcement Network.

TuSimple signed a National Security Agreement in February 2022 with CFIUS, the U.S. government. It agreed to restrict access to certain data, adopt a technology control program, and create a board-level security committee. CFIUS, an interagency committee, is authorized to examine certain foreign investment transactions to determine their impact on U.S. security.

Cheng Lu, President and CEO of TuSimple, stated that TuSimple had undergone significant change in the past months. “We see this as an important and positive step towards improving our corporate governance. It also restores stability within our company’s Board of Directors.” We take our responsibility to comply with all legal requirements very seriously. We are proud to have an independent board that will be part of our Government Security Committee. You can trust the experience, guidance, and leadership of these board members. Michael Mosier, James Lu And Wendy Hayes bring to our company to help restore stability TuSimple, so we can keep focused on bringing TuSimple’s autonomous cargo technology to the marketplace.”

About TuSimple
TuSimple, a global company that develops autonomous driving technology, is based in San Diego, CaliforniaOperation in Arizona, Texas, Europe?, and China. TuSimple was founded in 2015 and is currently developing a fully autonomous, commercial-ready (SAE Level 4), driving solution for long-haul heavy duty trucks. TuSimple’s goal is to transform the $4 Trillion Global truck freight industry via the company’s top AI technology. This makes it possible for trucks safely to operate autonomously and almost continuously while consuming 10% less fuel than manually driven trucks. Some of our global successes include the development of the world’s first autonomous, driver-out semi-truck and the creation the the world’s premier Autonomous Freight Network. Visit us at www.tusimple.com.

 

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SOURCE TuSimple Holdings, Inc.