Lufax Holding Ltd. (LU), a prominent Chinese financial services company, announced on Friday that its Executive Director and Co-CEO, Gregory Dean Gibb, is stepping down to focus on personal pursuits. His retirement will take effect on November 22.
In response, the Board has appointed Shibang Guo and Hui Liu as non-executive directors. Additionally, CFO Alston Peiqing Zhu will ascend to the role of executive director.
Non-Executive Director Yuqiang Huang and Independent Non-Executive Director Xudong Zhang have also tendered their resignations, attributing the decision to shifts in their personal professional commitments. All changes within the Board will be effective from November 22.
On Thursday, LU's shares closed at $2.34 on the New York Stock Exchange, marking a 2.90% decline. In pre-market trading, LU is now priced at $2.32, a decrease of 0.85%.
