US Edition
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, in Los Angeles following Jim McCormick's departure.
- Yu's promotion from Vice President of Finance, a role held since June 2023, came as Ispire implemented cost reductions amid efforts to improve profitability.
- Ispire innovates in vaping technology with over 400 global patents for e-cigarettes and cannabis vaping products, marketing tobacco devices worldwide except in China, Russia, and the U.S.
- In May 2025, workforce cuts and contractor agreement terminations saved an estimated $3.6 million annually, contributing to a projected $10.2 million total expense reduction this fiscal year.
- Yu expressed honor in his new role and enthusiasm for Ispire's mission, while leadership praised his diligence and looks forward to close collaboration as the company pursues growth.
22 Articles
22 Articles
Missoulian
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
Ispire Appoints Jay Yu Chief Financial Officer
LOS ANGELES — Ispire Technology Inc., a vaping technology and precision dosing company, appointed Jie “Jay” Yu Chief Financial Officer following the departure of Jim McCormick, the former Chief Financial Officer. Ispire also announced that it reduced its workforce and ended several contractor agreements, resulting in a reduction of $3.6 million in annual payroll in May 2025. The company plans to cut up to an additional $6.6 million in operating …
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…
Coverage Details
Bias Distribution
- 78% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage