Management ChangeJul 1, 2026, 06:07 AM
Aurelion Appoints New CEO Frank Zheng, Chairman Chang-Wei Chiu
AI Summary
Aurelion Inc. announced significant leadership changes, appointing Mr. Chang-Wei Chiu as the new Chairman of the Board and Mr. Frank Zheng as the new Chief Executive Officer, both effective June 30, 2026. Mr. Tokihiko Shimizu was also appointed as an independent director. These appointments follow the departures of former Chairman Mr. Moore Xin Jin and former CEO Mr. Björn Schmidtke, which were not due to any disagreements. The company highlighted these changes as a natural evolution to scale the business and strengthen strategic capabilities.
Key Highlights
- Chang-Wei Chiu appointed Chairman of the Board and Chairperson of the Compensation Committee, effective June 30, 2026.
- Frank Zheng appointed Chief Executive Officer, effective June 30, 2026.
- Tokihiko Shimizu appointed as an independent director, effective June 30, 2026.
- Moore Xin Jin stepped down as Chairman of the Board.
- Björn Schmidtke stepped down as Chief Executive Officer.
- Departures of Mr. Jin and Mr. Schmidtke were not due to any disagreement with the Company.
Price Impact
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