Gasgoo Munich- ECARX Holdings Inc. (Nasdaq: ECX) has named Danish senior executive Lone Fønss Schrøder as its new chairman, effective immediately, the company announced on the evening of April 16. Shen Ziyu will remain as chief executive officer and director. The decision to separate the chairman and CEO roles represents a structural enhancement to the company's governance structure, designed to clarify responsibilities and improve decision-making efficiency.Lone Fønss Schrøder; Image source: ECARXSchrøder brings extensive international management experience across the automotive, technology, finance, logistics, and industrial sectors. A board member at Volvo Cars since 2010—and serving as vice chairman for much of that time—she has played a key role in advancing the company's electrification and software-defined vehicle strategies. Her current portfolio includes chairing Geely Sweden Holding and Ikano Bank, as well as serving as a director at Ingka Holding (IKEA) and multiple Aker Group subsidiaries. Schrøder's expertise spans corporate governance, global strategy, electrification, artificial intelligence, and the development of software-defined vehicles.Schrøder joined the ECX board on October 31, 2025. In her new role, she is set to strengthen the company's presence in Europe and accelerate its global operations. Her appointment is expected to help ECX achieve its strategic target of generating 50% of revenue from international clients by 2030, further strengthening its competitive position in the smart mobility sector.Founded in 2017 and listed on Nasdaq in 2022, ECARX operates 13 global hubs across China, the UK, Singapore, the US, Sweden, Germany, Brazil, Vietnam, and Malaysia. The company focuses on full-stack solutions ranging from chipsets and smart cockpits to ADAS platforms, central computing, in-vehicle AI large models, and LiDAR. By offering diverse options and global adaptability, ECX establishes an ecosystem with global automakers and tech firms. To date, its technology has been integrated into more than 11 million vehicles worldwide.
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