Published 2 days ago • loading... • Updated 24 hours ago

Ispire Technology Inc. Announces Appointment of Jay Yu as Chief Financial Officer

Ispire Technology Inc. Appointed Jie "Jay" Yu as Chief Financial Officer effective May 15, 2025, following Jim McCormick's departure.
Yu’s appointment follows his tenure beginning in mid-2023 as the company’s finance lead, supported by his extensive expertise in accounting for publicly traded companies.
Alongside the leadership change, Ispire reduced its workforce and ended contractor agreements, cutting $3.6 million in annual payroll expenses in May 2025.
The company expects to reduce total annual operating expenses by $10.2 million in 2025, including an additional $6.6 million over the next three months.
Ispire believes these cost reductions and Yu’s appointment will enhance agility and position the company for sustainable, profitable growth in vaping technology.

Insights by Ground AI

Does this summary seem wrong?

21 Articles

All

Left

Center

Right

Missoulian

+19 Reposted by 19 other sources

Center

Ispire Technology Inc. Announces Appointment of Jay Yu as Chief Financial Officer

Jie "Jay" Yu has a strong track record of excellence in public company accounting, and has served in the role of Vice President of Finance for Ispire since June 2023

2 days ago·Missoula, United States

Read Full Article

citybiz

Ispire Technology Appoints Jay Yu As Chief Financial Officer

Jie “Jay” Yu has a strong track record of excellence in public company accounting, and has served in the role of Vice President of Finance for Ispire since June 2023 Ispire also further streamlines operations by cutting an estimated $3.6 million in annual payroll in May 2025 Ispire expects to also cut up to an additional $6.6 million in annual operating expenses over the next three months, for a total estimated annualized expense reduction of $1…

24 hours ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year