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Gogoro Names Henry Chiang Official Chief Executive Officer
Prnewswireยท 2025-09-16 10:00
Core Insights - Gogoro Inc. has appointed Henry Chiang as the official CEO, effective immediately, after serving as interim CEO since September 2024 [1][2] - The board believes Henry's leadership will drive Gogoro's turnaround and align with the company's growth strategy [2] - Under Henry's interim leadership, Gogoro improved operating cash flow from $4.8 million in H1 2024 to $15.2 million in H1 2025, while reducing operating expenses by approximately $11 million year-over-year [2] Company Performance - Gogoro expects to achieve profitability on a non-IFRS basis in its energy business by 2026 and in its vehicle business by 2028 [2] - The company plans to generate free cash flow from energy operations in 2027 [2] - In 2025, Gogoro launched three new electric scooter models: Pulse STARLUX, EZZY, and EZZY 500, enhancing its market position [2] Leadership and Strategy - Henry Chiang has a strong background in the industry, previously leading GoShare and launching customer engagement initiatives at Gogoro [2] - His leadership has focused on operational efficiency, innovation in urban mobility, and expanding Gogoro's global footprint through partnerships in Vietnam and Latin America [2][3] - Gogoro aims to leverage its brand popularity to re-establish financial success while continuing to deliver innovative products [2]