Further management changes at e-commerce firm
By Ding Yining |
April 11, 2013, Thursday
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Print Edition
Print Edition
THE Alibaba Group has promoted Wu Wei to chief financial officer with effect from May 10, as part of a larger management reorganization ahead of an anticipated initial public offering.
Wu, who is deputy CFO currently, will succeed Joe Tsai who will become the group?s vice chairman overseeing strategic investments and maintaining relationships with key stakeholders.
Last month, Alibaba appointed former executive vice president Lu Zhaoxi as the group?s new CEO after Chairman Jack Ma stepped down to hand the leadership to a younger generation. Lu will also assume the new post on May 10.
Wu, who is deputy CFO currently, will succeed Joe Tsai who will become the group?s vice chairman overseeing strategic investments and maintaining relationships with key stakeholders.
Last month, Alibaba appointed former executive vice president Lu Zhaoxi as the group?s new CEO after Chairman Jack Ma stepped down to hand the leadership to a younger generation. Lu will also assume the new post on May 10.
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