WhiteFiber, Inc. announced a series of leadership and board changes, including the resignation of its Chief Financial Officer, Erke Huang, and the appointment of Justin Zhu as his successor. The company also reported the resignation of one director and the election of two new directors to its board. All changes were effective August 1, 2026, and were not the result of any disagreements with the company.
Key Details
- CFO Transition: Erke Huang has resigned as CFO and a director, and will transition to a Senior Advisor role. Justin Zhu, the company's former SVP of Finance, has been appointed as the new CFO, Principal Financial Officer, and Principal Accounting Officer.
- New CFO Compensation: Mr. Zhu will receive an annual base salary of $450,000, a signing bonus of Restricted Stock Units (RSUs) valued at $100,000, and is eligible for an annual cash bonus. His employment agreement has a term ending July 31, 2028.
- Board of Directors Changes: David Andre resigned as a member of the board. The company's CEO, Sam Tabar, was elected to the board, and Michael Rulf was elected as a new independent director with annual compensation of $150,000.
- Director Compensation Update: The annual compensation for continuing independent director Pruitt Hall was increased from $150,000 to $270,000, effective August 1, 2026.