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CEO Daniel Zhang to succeed Jack Ma as Alibaba chairman

Courtesy: Alibaba

China’s Alibaba Group Holding Limited recently announced that a one year from now, on September 10, 2019, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of the group, while the latter will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of the chairmanship.

Jack Ma will complete his current term as a member of the group’s board of directors until its annual general meeting of shareholders in 2020, according to a press release from the company.

The Alibaba Partnership comprises 36 partners, who are also members of senior management of the group or its affiliates.

Daniel has been with the group for 11 years and Alibaba has seen consistent and sustainable growth for 13 consecutive quarters under him, said Jack Ma. (DS)

Fibre2Fashion News Desk – India

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