TikTok Has A New CEO

Hong Kong (CNN Enterprise)TikTok has lastly appointed a brand new everlasting chief government, eight months after its former chief called it quits as america was threatening to ban the app.

The corporate on Friday introduced that it had named Shouzi Chew as CEO. He joined the corporate earlier this yr as chief monetary officer of ByteDance, TikTok's Chinese language proprietor. He had beforehand been a prime government at Xiaomi, the Chinese language smartphone maker, based on his LinkedIn profile.

Vanessa Pappas, who beforehand served as TikTok's interim head, is transferring to the position of chief working officer of TikTok.

    "The management staff of Shou and Vanessa units the stage for sustained progress," ByteDance CEO Yiming Zhang stated in a statement.

      "Shou brings deep information of the corporate and business, having led a staff that was amongst our earliest buyers, and having labored within the expertise sector for a decade. He'll add depth to the staff, specializing in areas together with company governance and long-term enterprise initiatives."

          Chew relies in his hometown of Singapore, suggesting that the corporate not feels it wants a US-based chief.

          Final yr, it had tapped an American government — Disney (DIS) veteran Kevin Mayer — for the highest job, in a transfer that was widely seen as an try to win over US lawmakers.

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