XCF Global Plunges 10.57% Amid New Board Appointments

On June 16, 2025, XCF Global experienced a significant drop of 10.57% in pre-market trading, reflecting a notable shift in investor sentiment.

XCF Global, Inc. has recently appointed a new Board of Directors following its successful listing on the Nasdaq. The Board comprises experienced professionals from various sectors, including energy, aviation, finance, and private equity. This strategic move is aimed at guiding the company's growth in synthetic aviation fuel production and enhancing its strategic initiatives in the decarbonization of aviation.

The new Board includes Mihir Dange as the Board Chair and CEO, along with notable figures such as Anne Anderson from Shell and Sanford Cockrell from Deloitte. Their expertise in corporate governance and scaling businesses is expected to bolster XCF's strategic initiatives and ensure compliance with Nasdaq's independence rules.