Kuaishou Chairman Su Hua will resign, CEO Cheng Yixiao will also serve as CEO

According to news from this site on October 20, Kuaishou Technology announced that Su Hua has resigned as chairman and will be replaced by CEO Cheng Yixiao. This adjustment will take effect on October 29, 2023.

On the evening of October 20, Kuaishou Technology issued an announcement on the Hong Kong Stock Exchange announcing that Due to the need to focus on other matters, Su Hua will no longer serve as chairman of the board of directors from October 29, 2023, will continue to serve as executive director and member of the Compensation Committee, with no change to his differential voting rights.

Su Hua said that he will continue to be committed to creating long-term value for the group and believes that the group has a solid foundation to achieve its strategic goals.

This site found that on October 29, two years ago, Kuaishou Technology announced that Su Hua and Cheng Yixiao would adjust their division of labor. Su Hua resigned as CEO and continued to serve as chairman, executive director, and member of the remuneration committee. , responsible for formulating the company's long-term strategy; Cheng Yixiao serves as CEO, responsible for the company's daily operations and business development.

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