According to FF's announcement, Stefan Krause was expelled because of its' hinder the smooth progress of the company's normal financing. 'Notice said:' Since Stefan joined FF in March, not only did not make a real contribution to the company, but there is a dereliction of duty, dereliction of duty Even suspected of illegal behavior, seriously detrimental to the interests of companies and investors, which, the company is taking legal action against him.
Krause, a former employee at BMW and longtime experience at Deutsche Bank, saved the financing-challenged company by serving himself as FF CFO and COO earlier this year. The company is fabricating a malicious slander of the facts and said it would take legal steps.
During the reign of Krause, he plotted several alternative ways out for the company: aggressive financing on the one hand and partial acquisitions on the other, and certainly not the preparation for a bankruptcy filing for the company. Yesterday, foreign media Jalopnik reported a file hint FF bankruptcy, and said that as still not getting financing in August, FF will apply for bankruptcy under the United States Chapter 11. However, this document was denied by FF, Said the file is not from FF.
From this we can conclude that this bankruptcy document is likely to be the culprit for Krause being dismissed and that Krause and Jiayue Ting had disagreements.A former FF employee told First Financial reporter: 'FF's claim for bankruptcy has always existed, but Jia Yunting Will not agree to let it go bankrupt. '
An insider at FF also hinted to CBN reporter: 'Bankruptcy is a bad thing for FF companies, employees, and Jia Yueting, but it is not the case for those eyeing acquirers.'
After the departure of two key executives, Krause and Kranz, the FF was almost in a state of operational cessation, and within one year the number of employees in FF had dropped from over 1,500 to less than 1,000 today. A huge uncertainty.
Jiayuting is still the FF's foremost investor with absolute control over the company, and excommunicate Krause also reflects Will's desire to write in an email to all FF employees before the company's announcement : 'More details about Krause's misconduct and the damage done to the company will be disclosed at a later board meeting.'
According to the plan announced by FF, 10,000 FF91s are produced each year from the end of 2018, which is much more conservative than the company's previously announced annual plan to produce 13 models of millions of vehicles. After the departure of Krause, the company's financing plan Will become more slim.
The former FF employee told First Financial reporter: "As long as Jiayue Ting, Krause will never have real power." He also disclosed that while the FF is still paid as usual, but before getting financing, the staff do nothing Can not.
In addition, according to Hurun China's richest list, Jiayue Ting's ranking has slipped from 31 to 1978.