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　　More than 100 employees around the world at California-based electric vehicle maker Faraday Future have signed a petition calling for executive chairman Susan Swenson to be removed.

　　The recent leak of an internal petition by Faraday Future's global employees calling for the removal of the company's executive chairman Susan Swenson has brought the electric car maker, which has been at the center of the storm, in the headlines again.

　　Faraday Future's major shareholder FF Top Holding LLC filed a 13D filing with the U.S. Securities and Exchange Commission on Tuesday, asking Faraday Future to provide a list of shareholders and to hold a shareholders meeting as soon as possible to remove director and former chairman Brian Krolicki.

Brian Krolicki

　　All this shows that Faraday Future's board of directors has aroused strong dissatisfaction among its major shareholders, investors and employees, who demand that the reorganization of Faraday Future's board of directors escalate again.

　　Six Faraday Future employees, representing more than 140 colleagues around the world, have petitioned Faraday Future's board of directors and global shareholders, asking the company's board to remove Susan Swenson as executive chairman and chairman of the board, according to investors close to the electric car maker. position, and held a general meeting of shareholders to remove his directorship.

Susan Swenson

　　The petition claims that Susan Swenson, as the first person responsible for Faraday Future's board of directors and operational decisions, as well as the company's first legal person, should be responsible for all kinds of negligence, malfeasance, breach of due diligence, misconduct, and mistakes in the year since Faraday Future's listing. actions, unjust enrichment, and possibly even violations of the law.

　　The petition also states that Susan Swenson is responsible for a series of catastrophic operating results, including massive losses to Faraday Future's shareholders and employees, severe damage to the company's reputation, significant budget overruns, runaway costs, and a significant waste of company funds, and Continued delays in deliveries of flagship luxury electric car FF 91.

　　With its forward-looking judgment on industry trends and continuous investment accumulation, Faraday Future has the world's leading technology, industry-leading team and unique products, which also explains why the capital market is unanimously optimistic about the potential value of Faraday Future, promoting its 2021 On July 22, 2018, it was successfully listed on Nasdaq and raised nearly 1 billion US dollars.

　　Confusingly, however, the Nasdaq listing was just a brief moment of brilliance for Faraday Future, whose shares have plunged from a peak of $14.82 to an all-time low of $1.65 over the past year.

　　Why has Faraday Future's market value evaporated by nearly 90%, and the high-profile FF 91 mass production has been delayed again? The answer appears to be found in a petition by Faraday Future employees around the world.

　　The petition also alleges that Susan Swenson contributed to the disastrous operating results of the company through improper control of the company and its board of directors.

　　In addition, Susan Swenson conducted a series of unfair and improper investigations and rectifications against the company and key executives during her tenure as chairman of the special committee of Faraday Future's board of directors.

　　During Susan Swenson's tenure as chairman of the board's audit committee, the company failed to file an S-1/A on schedule in October 2021, even after she became Faraday Future's executive chairman in early February 2022. has been delayed so far.

　　Analysts said that the petition of Faraday Future's global employees to replace the executive chairman may be a turning point for the electric vehicle manufacturer to overcome difficulties and reorganize, which also means that the major shareholder FF Top's request to reorganize the board of directors has been received by Faraday Future's global employees. Great support.

　　Analysts said that once Faraday Future's board reorganization goal is achieved, the U.S. electric car startup will not face too many hurdles in subsequent financing and will successfully deliver the FF 91.

　　The picture below shows the original English text of the petition exposed on the Internet.