Chinese smartphone giant Xiaomi sees departure of three senior executives at year’s end as firm pushes new round of job cuts
- Group president Wang Xiang, who joined Xiaomi from Qualcomm in 2015, will retire from his position, but continue to serve as a senior adviser
- His successor will be Lu Weibing, who currently serves as a senior vice-president as well as president for the China region and international department
“Despite lots of difficulties and challenges, as long as we stay united and forge ahead, we will win new victories,” Lei said. Shares of Xiaomi closed down 2 per cent to HK$10.80 in Hong Kong on Friday.
The senior executive reshuffle at Xiaomi’s headquarters, meanwhile, solidifies the rise through the ranks of Wang successor Lu, who joined the firm in January 2019 and, according to his company profile, led a number of highly successful product launches. He currently also serves as general manager of Xiaomi’s Redmi brand.
Before Xiaomi, Lu founded and served as chief executive of Shenzhen Chenyee Technology Co from June 2017 to December 2018. He was the president of Gionee Conmmunication Equipment Co from April 2010 to June 2017.