Luckin Coffee serves up new chairman

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By Jonathan Breen
14 Jul 2020

Troubled Chinese coffee chain Luckin Coffee has appointed a new chairman of the board after founder Lu Zhengyao was voted out of the position by shareholders.

The company, which announced multi-billion renminbi worth of fabricated sales earlier this year, has named former acting chief executive officer, Jinyi Guo, as its chairman and CEO, according to an announcement on Monday.

The decision was reached at a meeting of the directors on July 12, which followed ...

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