Summary by Futu AI
Lufax announced significant changes to its board composition effective November 22, 2024. Gregory Dean Gibb has retired from his positions as executive director and co-CEO to focus on personal matters. Additionally, Yuqiang Huang and Xudong Zhang have resigned as non-executive director and independent non-executive director respectively.The company has appointed three new directors: Shibang Guo and Hui Liu as non-executive directors, and CFO Alston Peiqing Zhu as an executive director. Guo brings extensive experience from Ping An Group as Assistant President and Chief Risk Officer, while Liu serves as Deputy General Manager of Risk Management at Ping An Group. Zhu has been the company's CFO since April 2024.Following these changes, the company has also restructured its committees, appointing Weidong Li to the Audit Committee and David Xianglin Li to the Nomination and Remuneration Committee, following Zhang's departure from these roles.