Ideanomics Executive Chairman Bruno Wu steps down

By Pavithra R

Ideanomics, a global FinTech company for transformative industries has announced that Dr Bruno Wu will step down as Executive Chairman with Alf Poor will succeed as Interim-Chairman.

“I will continue to support the company both as a major shareholder and as an advisor. For the past five years, I have joined you on a journey that has seen us migrate from a media company into a modern, tech-focused, multi-national company focused on high-growth industries being transformed by innovation. It is at this time that I feel the business has matured to the extent that my significant involvement is no longer required in the same way that it was five years ago. We have built a strong team to govern the business that has embraced my vision and can drive it towards profitable growth. For this reason, I will be resigning from my role as Executive Chairman and moving to an advisory role where I will continue to provide the Company ongoing support in high-level strategic areas where my energy and network of relationships can continue to support Ideanomics’ objectives. This is a positive move for the company and its shareholders,” said Dr Bruno Wu.

Bruno Wu will assume the role of Chairman Emeritus, with Director Chao Yang also leaving the board for an advisory role. The firm has also announced that Shane McMahon will continue to serve as Ideanomics’ Vice Chairman.

“This change will focus Bruno’s energy on strategic aspects of the business and, in particular, on strategic initiatives in our EV business segments. We are grateful for Bruno’s energy and vision over the past five years, which has transformed the business. As we look to 2021, we are well-positioned for growth in North America and Asia, where we have active operations and investments,” said Alf Poor, Ideanomics CEO. 

Established since 2004, Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and FinTech products. The firm is focussed on the convergence of financial services and industries experiencing technological disruption. The company has its headquarts in New York with offices in Beijing, Hangzhou, and Qingdao, and operations in the Unites States, China, Ukraine, and Malaysia.