US EV Startup Faraday Future Names New Executives to Attract Funding
Dou Shicong
/SOURCE : yicai
US EV Startup Faraday Future Names New Executives to Attract Funding

(Yicai Global) Nov. 15 -- US electric vehicle startup Faraday Future again announced a shakeup of its senior management team today, after FF's controversial and flamboyant founder, the troubled Chinese serial entrepreneur and international fugitive Jia Yueting, stepped down as its chief executive in August.

Two senior executives with many years of experience in the automobile sector will come aboard at FF, and the firm will also accelerate its fundraising plans in the next stage, the Los Angeles-based EV maker said on its official website today.

 Bob Kruse, a 30-year veteran of the auto industry, will serve as FF's senior vice president from this month. He will take charge of product execution (engineering and manufacturing). Kruse put in a long stint with Detroit-headquartered carmaker General Motors before moving to Shanghai for a brief gig with Qoros Auto and then moving on to Irvine, California-headquartered EV maker Karma Automotive to act as its chief executive.

Benedict Hartman, the other new senior executive, will join FF as the senior vice president, in charge of Global Supply Chain organization in January. He worked for more than 30 years at BMW, and he also spent three years with its BMW-Brilliance China joint venture where he was responsible for the entire global supply chain.

"FF is proactively hiring new leaders to strengthen the company and accelerate the next-stage of funding activities," the company's newly-appointed CEO Carsten Breitfeld noted, adding "in addition to Kruse and Hartman joining FF, we also have commenced the search for a CFO." It will also achieve the aim of delivering its first mass-produced car model FF91 within nine months after the fundraising's completion, as well as target the initial public offering in 12 to 15 months.

Jia, mired in a debt at home and who took refuge in the US as a result, resigned as FF CEO on Aug. 28, leaving a partnership to take over the company's management. The US startup announced the appointment of ex-BMW executive Carsten Breitfeld as its global CEO on Sept. 3 and the beginning of recruitment for its global chairman.

Editor: Ben Armour

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Keywords: Faraday Future , Senior Management Changes