Leadership change at Alibaba: the company appoints a new president and CEO
Daniel Zhang is leaving the company. He will be replaced by Eddie Yongming Wu as Chief Executive Officer and Joseph C. Tsai as president, respectively, beginning in September.
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(Flickr).
Alibaba, China's large multinational e-commerce company and owner of Aliexpress, announced a change in its board of directors. Daniel Zhang, who replaced company founder Jack Ma in 2019, will step down as of September and will make way for a new board of directors, as he himself announced during a press release published at the company webpage:
Eddie Yongming and Joseph Tsai, new Alibaba executives
His position as CEO will now fall to Eddie Yongming Wu, one of the company's co-founders and a member of the Alibaba Partnership. The new CEO stated what it means to him to take on this position:
The position of president will be assumed by Joseph C. Tsai, who currently serves as executive vice president. He wanted to use the announcement of his new position to thank Daniel Zhang for all the work he had done since replacing the e-commerce giant's founder in 2019 and even before: