Faraday Future Appoints YT Jia Sole CEO, Jerry Wang Global Executive Chairman
Faraday Future Intelligent Electric Inc. announced significant leadership changes, appointing FF Founder YT Jia as the sole Global CEO and promoting Jerry Wang to Global Executive Chairman, effective May 5, 2026. Matthias Aydt resigned as Co-Global CEO but remains an advisor, and Chad Chen was appointed Lead Independent Director. These changes are accompanied by substantial compensation packages for Mr. Jia and Mr. Wang, including significant bonuses, restricted stock units, and housing allowances, signaling a renewed focus on founder-driven execution and a strategic shift towards becoming a Physical AI company. The company also reported shipping 68 EAI robots with positive gross margins, targeting 200 units by the end of June.
Key Highlights
- YT Jia appointed sole Global CEO, effective May 5, 2026.
- Jerry Wang promoted to Global Executive Chairman, effective May 5, 2026.
- Matthias Aydt resigned as Co-Global CEO, effective May 5, 2026.
- Chad Chen appointed Lead Independent Director.
- CEO Jia to receive $800,000 retention bonus and $11.88 million in RSUs/PSUs.
- Chairman Wang to receive $600,000 annual salary, $400,000 bonus target, and $200,000 promotion bonus.
- Chairman Wang to receive $3.0 million in RSUs/PSUs.
- EAI Robotics shipped 68 units with positive gross margins, targeting 200 by June 2026.