Self-Driving Startup TuSimple Ousts CEO, Independent Directors

(Bloomberg) — TuSimple Holdings, a self-driving vehicle startup that recently went through a U.S. national security review, ousted its interim chief executive officer and most of its board.

Investors constituting a majority of the voting stock removed four independent directors, according to a filing Thursday, and interim CEO Ersin Yumer was replaced by Lu Cheng. Lu, who led the company until he quit in March.