NEW YORK -- Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal.
The termination of the two C-suite executives, along with their resignation from Luckin's board, comes a little over a month after the Nasdaq-listed company admitted to fabricating $310 million in sales last year.
