JD.com announces leadership shift: CEO Xu Lei steps Down, CFO takes the helm - P...
source link: https://en.pingwest.com/w/11713
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
JD.com announces leadership shift: CEO Xu Lei steps Down, CFO takes the helm
JD.com announces leadership shift: CEO Xu Lei steps Down, CFO takes the helm
May 12, 2023 2:23 am
Chinese e-commerce company JD.com announced on Thursday a significant shift in its leadership, with its Chief Executive Officer, Xu Lei, stepping down. Sandy Xu Ran, currently the company's Chief Financial Officer, is set to take over the role.
On a call with analysts after the company reported first-quarter earnings, Xu Lei said that he had resigned to spend more time with his family. He will immediately begin the process of handing over CEO responsibilities to Sandy Xu Ran.
Xu Lei succeeded Richard Liu, founder of JD.com, as the CEO in 2022. After retirement, he will serve as the first chairman of JD.com's advisory committee.
Before joining JD in 2018, Sandy Xu was an audit partner and spent nearly 20 years with the well-known consulting firm PricewaterhouseCoopers in China and the US.
The leadership transition at JD.com arrives on the heels of the company's revelation in March regarding its strategic spinoff plan. The company's decision to separate its property and industrial units and subsequently list them on the Hong Kong Stock Exchange signals a crucial phase in the company's business evolution.
The company said first-quarter revenue rose 1.4% from a year earlier to 243 billion yuan ($35 billion), beating analysts' average estimate of 239.42 billion yuan, according to Refinitiv data.
Net profit was 6.3 billion yuan, compared with a loss of 3 billion yuan in the same period last year..
SHARE
Recommend
-
4
Executive InsiderTransformational Change Takes Transformational LeadershipLaura Dribin from Peritius ConsultingAs companies...
-
2
Volvo announces plans to go public in bid to accelerate shift to electric cars The Swedish automaker has said it would be an EV-only company by 2030...
-
3
Collective Shift Announces Massive Expansion Plans in 2022
-
3
News » Topics »
-
5
December 5, 2022 ...
-
4
Details (Keywords: papercut, Whiteboard: [snt-scrubbed][sear...
-
7
Wednesday, 02 August 2023 11:37 Charles Sansbury takes helm as Cloudera CEO By Kenn Anthony Mendo...
-
2
C-Suite ChallengersAnn Ford Takes Over Leadership from Gary Sims in Gray Bruce Health Services
-
10
Banking and FinanceLance Gokongwei Takes the Helm at Robinsons Land Corporation
-
2
Banking and FinanceAlibaba CEO Eddie Wu Takes the Helm at Taobao and Tmall
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK