SAN
DIEGO, March 15, 2023 /PRNewswire/ -- TuSimple
Holdings Inc. (Nasdaq: TSP) ("TuSimple" or the "Company"), a global
autonomous driving technology company, today announced the
appointment of J. Tyler McGaughey
and Zhen Tao to its Board of
Directors as independent directors.
Mr. McGaughey will be responsible for overseeing the Company's
compliance with federal government legal and regulatory
requirements. Mr. McGaughey is a partner at a law firm in
Washington, D.C. and has vast
experience in the federal government across national
security-related roles, including at the U.S. Department of the
Treasury, U.S. Attorney's Office and White House Counsel's Office.
Most recently, Mr. McGaughey served as the Deputy Assistant
Secretary (DAS) of Investment Security at the U.S. Department of
the Treasury, where he was responsible for managing the day-to-day
operations of Treasury's Committee on Foreign Investment in
the United States (CFIUS) unit.
From July 2001 to August 2006, Mr. McGaughey served as an infantry
officer in the Marine Corps.
Ms. Tao will serve as a member of Audit Committee and qualifies
as a financial expert. Ms. Tao is a Senior Partner at Third Square
Capital Management, an investment firm focused on global
consumer-driven, long-term growth companies. She has over 20 years
of investment management, investment banking, and capital markets
experience. During her career, Ms. Tao has often partnered closely
with management teams of both public and private companies in
developing growth strategies. Ms. Tao started her career in the
leverage finance department of Deutsche Bank. Ms. Tao also serves
as the South Pasadena City Treasurer where she oversees the city's
investment portfolio and provides independent oversight for its
finances.
About TuSimple
TuSimple is a global autonomous driving technology company
headquartered in San Diego,
California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing
a commercial-ready, fully autonomous (SAE Level 4) driving solution
for long-haul heavy-duty trucks. TuSimple aims to transform the
$4 trillion global truck freight
industry through the company's leading AI technology, which makes
it possible for trucks to see 1,000 meters away, operate nearly
continuously, and reduce fuel consumption by 10%+ relative to
manually driven trucks. Visit us at www.tusimple.com.
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SOURCE TuSimple Holdings, Inc.