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Nov 20, 2023

Cruise co-founder and CPO Daniel Kan resigns

Management news

  • Cruise, the self-driving car unit owned by General Motors (GM), has announced the resignation of Daniel Kan, the co-founder and chief product officer (CPO) of Cruise. This development follows the recent resignation of the company's chief executive officer (CEO), Kyle Vogt.

  • The company has not explicitly disclosed the reasons behind Kan's departure.

  • The company has also not shared details regarding the potential replacements of either its CEO or CPO yet. However, at the time of the resignation of the CEO, GM appointed two new members to Cruise’s board and Mo Elshenawy, Cruise’s executive vice president of engineering, as the president as chief technology officer (CTO).

  • Analyst QuickTake: The departure of these executives comes after recent controversies at Cruise, including having its self-driving vehicle permits suspended due to an accident in October, withdrawing all robotaxis from operations in the US, and issuing a recall for vehicles to update software. It also started laying off its contingent workers earlier this month.

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