Earlier today, Xiaomi announced that there’s been a bit of restructuring within the company. There aren’t all that many changes, but the ones that are here are pretty big changes. So, let’s take a closer look at the new changes within Xiaomi Corp.
First of all, Lin Bin has been appointed as the vice chairman of Xiaomi and will continue to serve as the executive director and president of the company, responsible for managing the company’s mobile phone R&D department. He’s been doing a pretty great job so far, so it’s nice to hear that he’s still around in the company.
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In other news, Koh Tuck Lye has resigned as a non-executive Director and a member of the audit committee of Xiaomi. Mr. Koh Tuck Lye tendered his resignation in order to focus on investment and management matters of Shunwei Capital. Mr. Koh has confirmed that he has no disagreement with the Board and there were no problems in respect of his resignation.
Meanwhile, Chew Shou Zi has been appointed as an executive Director and will continue to hold the positions of Senior Vice President and Chief Financial Officer of Xiaomi. Mr. Chew is a director of various members of the Group. Mr. Chew is also a director of Kingsoft Cloud Holdings Limited, a subsidiary of Kingsoft Corporation Limited, a company whose shares are listed on the Stock Exchange (stock code: 3888).
Finally, Liu Qin has been appointed as a member of the audit committee within Xiaomi, and will continue to serve as a non-executive director. Liu Qin has been a director of YY Inc. since June 2008, and a director of Xunlei Limited since September 2005. According to Xiaomi, all these changes will take effect on October 25, 2019.
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