Li Nan, the co-founder, and VP of Meizu who is also the face of the company has resigned. He made the announcement via a post on Weibo yesterday.

Prior to him revealing his exit from the company he helped start, the former top executive had denied he was leaving. In a memo he made public, he explained he had to clear the air regarding his exit from the company which had generated some messy news.

In the memo, he revealed he already started taking fewer responsibilities following the launch of the Meizu 16. He did acknowledge that the company is facing challenges but believes things will get better as long as they do not stop improving.

While he wasn’t specific about his next step, Li Nan revealed that he is still focused on the consumer market and developing new brands. He also thanked co-workers, investors, and shareholders.

Li Nan co-founded Meizu along with Bai Yongxiang who is the CEO and Huang Zhang (Jack Wong). The company started as an MP3 player manufacturer before switching to phones in 2008. Its portfolio is diverse now but phones are its major source of revenue. Last year, Meizu celebrated its 15th anniversary.

(Source)

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