Nova LifeStyle, Inc. announced the appointment of Mr. Xiaohua Lu as its new Chief Executive Officer, effective May 15, 2025. This leadership change marks a significant development for the company as it continues to navigate a dynamic and uncertain furniture industry. Mr. Lu's appointment is expected to bring fresh perspectives to the company's strategic direction.
Mr. Lu expressed enthusiasm for his new role, stating that it is an exciting time for Nova LifeStyle as the company strategizes its path forward. His focus will be on addressing uncertainties related to tariffs and their impact on the furniture industry. The company aims to adapt its strategies to these external pressures.
Under Mr. Lu's leadership, Nova LifeStyle will continue its efforts to ensure its products are well received in the market. The new CEO's vision is to guide the company through its ongoing transformation, emphasizing strategic planning and operational resilience. This appointment is a key step in the company's long-term growth and profitability objectives.
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