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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
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Ben Jiangin Beijing
Chinese smartphone giant Xiaomi Corp on Friday announced the departure of group president Wang Xiang, along with two of the company’s co-founders, at the end of this year, as the Beijing-based company pushes its latest round of lay-offs.
Xiaomi founder, chairman and chief executive Lei Jun said in an internal email announcing those departures that the company would continue to sharpen its business focus, while streamlining its workforce for operational efficiency.
“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.
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Wang, who joined Xiaomi from Qualcomm in 2015, will retire from his position, but continue to serve the company as a senior adviser. He will be succeeded as president by Lu Weibing, who currently serves as group senior vice-president as well as president for the China region and international department.
Xiaomi co-founders Hong Feng, a senior vice-president in charge of the firm’s MIUI mobile operating system, and Wang Chuan, who serves as chief strategy officer, “will withdraw from the front line of the business at the end of the year”, according to a statement from a company representative on Friday.
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