Axe Compute has appointed investment executive Guang Yang to its board and named him chair of the audit committee. The appointment fills one board vacancy, adding an independent director with extensive investment and public-company leadership experience.
The board now has five directors, a majority of whom are independent, with two vacancies still unfilled.
- Board role: Yang was appointed immediately as a Class II director. He is scheduled to serve until the company’s 2026 annual meeting and until a successor is elected, unless he leaves earlier.
- Audit oversight: Yang will chair the audit committee. The board says he meets the applicable independence standards for that committee and qualifies as an audit committee financial expert.
- Compensation: Yang will receive prorated compensation for his initial period of service under the company’s director program. The program provides nonemployee directors with quarterly awards of $8,333—$6,000 in shares and $2,333 in cash—plus an annual award of $10,000 and $11,112 for each committee on which a director serves. The annual awards are also split between shares and cash. Directors may elect to receive the cash portions in additional shares.
- Background: Yang, 62, has led FTL Investments since 2020. His prior roles include chief executive and executive chairman of asset manager BrightSphere Investment Group, senior positions at HNA North America and HNA Capital International, and executive vice president and senior portfolio manager at Franklin Templeton Investments. He holds a Ph.D. and an MBA and has been a CFA charterholder since 1998.
Yang’s appointment adds an independent director and an audit committee chair with investment and public-company experience. The board nevertheless continues to have two vacancies.