YXT.com Chief Resigns; Founder Takes Helm

Dow Jones11-27

By Sarina Isaacs

YXT.com on Tuesday said Teng Zu is stepping down from his role as chief executive, effective immediately.

American depositary shares of YXT.com rose 3.3% to $2.83 in after-hours trading.

The China-based digital learning platform company said it appointed director, founder and board Chair Xiaoyan Lu to the CEO role. Lu will continue serving as board chair, the company said.

YXT.com said Zu's resignation was due to personal reasons, and didn't result from any disagreement with the company. It also said he would remain as director and vice chairman of the board.

The company is also appointing Yazhou Wu as chief operating officer. He will serve in the role alongside his existing position as chief technology officer.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

November 26, 2024 17:28 ET (22:28 GMT)

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