Alibaba said that Eddie Yongming Wu, chairman of its Taobao and Tmall Group, will succeed Daniel Zhang as Chief Executive Officer, in its biggest executive reshuffle since its restructuring
The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File PhotoZhang to wholly focus on cloud unitAlibaba aims to complete cloud unit listing in a yearon Tuesday said Eddie Yongming Wu, chairman of its Taobao and Tmall Group, will succeed Daniel Zhang as chief executive officer in the Chinese e-commerce giant's biggest executive reshuffle since its restructuring.
"From a corporate governance perspective, we also need clear separation between the board and management team as the Cloud Intelligence Group proceeds down the path to becoming an independent public company," he said. Zhang, a former accountant, has served as Alibaba CEO since 2015. He took on the chairmanship in 2019, succeeding both roles from Alibaba co-founder Jack Ma.
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