- Altair (NASDAQ:ALTI) interim CEO Guo-Hua Sun has resigned due to "time constraints and the identification of a suitable replacement candidate." He'll remain on the company's board.
- Replacing Sun as CEO is James Zhan, who (before joining Altair last year) previously worked at Chinese financial advisory firm Sun Hung Kai. Altair has also appointed Thomas Reddington, formerly the COO of the Altairnano subsidiary, its COO.
- Altair simultaneously announces it has received a Nasdaq non-compliance warning over its failure to file its Q2 10-Q on time.