NIO Stock Alert: Nio Announces a CFO Shake-Up

Nio (NYSE:NIO), a Chinese electric vehicle (EV) maker, said CFO Steven Wei Feng resigned over the weekend for personal reasons. He will be replaced by Stanley Yu Qu. Qu is a former executive with Lear Corporation (NYSE:LEA) and Johnson Controls (NYSE:JCI). He also worked at PriceWaterhouseCoopers (PWC) for a decade. He has been with Nio since 2016.NIO stock fell on the news, but only by 2.5%. It opened this morning at $4.54 per share, its market capitalization down to$9.4 billion.Shuffling Deck ChairsNIO s ...