Tech Planet reported on June 26 that it was reported that the major shareholders of FF wanted to expel the independent director BrianKrolicki from the board of directors. According to relevant documents submitted to the U.S. Securities and Exchange Commission (SEC) by FF parent company FFTopHoldingLLC (FFTOP), independent director Brian Krolicki, who was the chairman of FFIE, has been removed from the board of directors in accordance with the shareholder agreement previously signed with FFIE.
This is Brian Krolicki After being dismissed as chairman by the FFIE board of directors, FF has taken further rectification actions against him.
In February 2022, FF said that Brian Krolicki, the head of the company's top management body, was forced to step down as chairman due to certain weaknesses in the company's controls and culture. It is understood that in August 2021, Brian Krolicki was appointed chairman of FF's newly established board of directors. He previously served as vice chairman of the U.S. Nevada Department of Transportation (NDOT).
According to people familiar with the matter, Brian Krolicki, who was previously the chairman of FFIE, was primarily responsible for misjudgment of the situation at the time and initiating an internal investigation, which led to delayed financial reports and delisting risks. He also allowed the board of directors to be controlled by a small number of independent directors and continued to push the company forward. An extremely difficult situation.
It is worth mentioning that this is another important personnel change for FF this year. Previously, Faraday Future stated in securities filing documents that Jia Yueting will continue to serve as chief product officer and report to the executive chairman. However, Jia Yueting's position is limited to product and travel ecology, the Internet, artificial intelligence and advanced research and development technology. The document stated that Jia Yueting will no longer serve as business manager.
In addition, according to Securities Daily, Wang Jiawei, one of FF’s core executives and vice president of the capital department, has voluntarily resigned from FF. According to previous reports from Beijing Business Daily, Wang Jiawei is Jia Yueting’s nephew.
A person close to FF revealed that Wang Jiawei is good at capital operations and played an important role in FF's listing on Nasdaq . Previously, FF announced a rectification report from a third-party independent internal investigation. In accordance with the remedial measures proposed by the FF Independent Investigation Committee, Wang Jiawei, Vice President of FF Global Capital Markets, was suspended.
