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Guardforce AI (GFAI) Stock Gets a Boost From New Exec Team


  • Guardforce AI (GFAI) is rising on some executive changes.
  • That news includes a new chairman of the board, president, CFO and CTO.
  • Shares of GFAI stock are up 20% as of this morning.
3d rendering ai robot think or compute GFAI stock.

Source: Phonlamai Photo / Shutterstock.com

Guardforce AI (NASDAQ:GFAI) stock is climbing higher on Thursday after announcing a new executive team.

The first changes are for current CEO Lei Wang, who is now also taking on the role of Chairman of the Board. This comes after the previous Chairman, Wing Khai Yap, resigned from the role to pursue other interests.

Another change is Chung Chi Ng, who is resigning from her role as CFO. This has Yu-Heng Ma replacing her as the next CFO of Guardforce AI. Ma brings over 20 years of experience in finance and accounting to the roles. That includes previous work at several publicly listed companies.

Lin Jia has also been assigned the role of President at Guardforce AI. This has him moving up from a prior position as Head of Research & Development at the company, which he has been in since May 2022. Before that, Jia was the COO and CTO at Shenzhen Intelligent Guardforce Robot.

Finally, Mingchang Liu is serving as the new CTO of Guardforce AI. Prior to this, Liu was the Manager of the Technical Development Department at Shenzhen GFAI Robot Technology, a wholly-owned subsidiary of Guardforce AI that was acquired in March.

CEO Lei Wang said the following about the changes in a news release.

‘The breadth of global experience, the leadership qualities and values of our new leadership team are ideal for leading Guardforce AI through the next phase of our strategic journey, focusing on robotic solutions and information security services.”

GFAI stock is up 20% as of Thursday morning.

Investors seeking more stock market news are in luck!

InvestorPlace has all of the latest stock market news traders need to know about for Thursday! Among that is what has shares of Forma Therapeutics (NASDAQ:FMTX), Hempacco (NASDAQ:HPCO) and Okta (NASDAQ:OKTA) stock moving today. You can find out more at the following links!

More Thursday Stock Market News

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2022/09/guardforce-ai-gfai-stock-gets-a-boost-from-new-exec-team/.

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