TuSimple appoints J. Tyler McGaughey and Zhen Tao as independent directors

Mr. McGaughey new independent director at TU SIMPLE

TuSimple Holdings Inc (“TuSimple” or the “Company”), a global autonomous driving technology company announced the appointment of J. Tyler McGaughey and Zhen Tao to its Board of Directors as independent directors.

Mr. McGaughey will be responsible for overseeing the Company’s compliance with federal government legal and regulatory requirements. Mr. McGaughey is a partner at a law firm in Washington, D.C. and has vast experience in the federal government across national security-related roles, including at the U.S. Department of the Treasury, U.S. Attorney’s Office and White House Counsel’s Office. Most recently, Mr. McGaughey served as the Deputy Assistant Secretary (DAS) of Investment Security at the U.S. Department of the Treasury, where he was responsible for managing the day-to-day operations of Treasury’s Committee on Foreign Investment in the United States (CFIUS) unit. From July 2001 to August 2006, Mr. McGaughey served as an infantry officer in the Marine Corps.

Ms. Tao will serve as a member of Audit Committee and qualifies as a financial expert. Ms. Tao is a Senior Partner at Third Square Capital Management, an investment firm focused on global consumer-driven, long-term growth companies. She has over 20 years of investment management, investment banking, and capital markets experience. During her career, Ms. Tao has often partnered closely with management teams of both public and private companies in developing growth strategies. Ms. Tao started her career in the leverage finance department of Deutsche Bank. Ms. Tao also serves as the South Pasadena City Treasurer where she oversees the city’s investment portfolio and provides independent oversight for its finances.