Anna and Carl Dietrich, the cofounders of Terrafugia, have left the firm as the flying car developer’s new Chinese parent company makes several changes including the closure of a California research facility.
Terrafugia Names New CEO and CFO
Key Takeaways:
- Terrafugia cofounders Anna and Carl Dietrich have departed the company amidst operational changes implemented by its Chinese parent company, Geely Holding Group.
- The changes include the closure of a California research facility and the appointment of new leadership, including CEO Chao Jing and CFO Huaibing Wang.
- Under the new leadership, Terrafugia aims to achieve first deliveries of its Transition flying car this summer.
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