Lufax Holding (LU) Announces Changes in Senior Management and Directors

​Lufax Holding Ltd (NYSE:LU) is one of the Best Value Penny Stocks to Buy Now. On February 17, Lufax Holding Ltd (NYSE:LU) announced changes in senior management and directors. The company said that the current CEO, Yong Suk Cho, will step down due to family and personal reasons on March 31, 2026. Yong Suk Cho will be replaced by Xiang Ji, previously the Co-CEO. Xiang Ji will also serve as an Executive Director of the Board, from April 1, 2026.

​Moreover, the company announced that non-executive Directors Yonglin Xie and Xin Fu resigned on February 17. They are replaced by Fangfang Cai and Peifeng Li, who joined as new non-executive Directors on February 18, 2026.

​Management highlighted that all members who are leaving confirmed agreement with the board and noted that they have no issues to raise with shareholders. The company noted the changes as a routine management refresh, common in companies to bring fresh perspectives while ensuring stability.

​Lufax Holding Ltd (NYSE:LU) is a Chinese holding company that mainly provides financial services to small and micro-sized businesses through its subsidiaries.

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