Xiaomi officially announced the appointment of a new Vice-President and Chief Financial Officer in the person of Alain Lam in August this year. The company has now disclosed that the new CFO has officially resumed duty at its Beijing headquarters.
Mr. Lam will reportedly be in charge of coordinating and managing the Group’s financial work. He will report directly to CEO Lei Jun and President Wang Xiang.
The 46-year-old Alain Lam holds a master’s degree in engineering from the University of Oxford. The Chinese exec has experience spanning over 20 years in investment banking. He has also worked previously as a managing director and the head of technology, media, and telecom in the reputable Credit Suisse in the Asia Pacific. Before his stint at Credit Suisse, Mr. Lam was a managing director at Morgan Stanley covering equity capital markets for technology, media, and telecom in the Asia Pacific.
The position of Chief Financial Officer at Xiaomi became vacant in November 2019 when the Chinese tech giant announced the elevation of its Executive Director, Senior Vice President, and former CFO Mr. Chew Shou Zi to the role of President of Xiaomi International while he will continue to serve in his capacity as an Executive Director and Senior Vice President. Xiaomi’s President Wang Xiang then took the role of Chief Financial Officer in an acting capacity since April 10, 2020. He held the position until a suitable candidate to serve as the CFO was recruited by the company’s CFO Search Committee.
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