Exhibit 99.1
Baidu Announces Management Rotation
BEIJING, Oct. 8, 2024 /PRNewswire/ Baidu, Inc. (Baidu or the Company) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and
89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced certain management rotation. Mr. Rong Luo will be serving as Executive Vice President in charge of the Baidu Mobile Ecosystem Group (MEG), and no longer
serve as Chief Financial Officer, effective immediately. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer of the Company, transitioning from his current position as Senior Vice President and Head of the
Baidu Mobile Ecosystem Group (MEG). This management rotation underscores Baidus ongoing commitment to fostering executive leadership development, optimizing organizational structure and supporting Baidus long-term growth objectives.
On behalf of the board of directors and senior management, we are delighted to welcome Mr. Rong Luo to his new role as head of the Baidu Mobile
Ecosystem Group, and we are confident that his leadership will continue to be instrumental in this position. We also extend our sincere appreciation to Mr. Luo for his significant contributions as our Chief Financial Officer over the past few
years. In addition, we will have Mr. Junjie He join our management team with his new role as the Companys Interim CFO, and we believe his extensive experience in management, investment and finance will be invaluable in driving
Baidus strategic initiatives going forward, said Mr. Robin Yanhong Li, Baidus co-founder and CEO.
Mr. Junjie He joined Baidu in June 2019 and has served as a Senior Vice President of the Company and the head of the Baidu Mobile Ecosystem
Group (MEG) since May 2022. Prior to that, Mr. He oversaw Baidus M&A (Mergers & Acquisition), SIM (Strategic Investment Management), SOM (Sales Operation and Management), and FP&A (Financial Planning & Analysis)
departments. Prior to joining Baidu, Mr. He had rich work experience with investment firms including China International Capital Corporation (CICC), CITIC Private Equity and Warburg Pincus. Mr. He obtained his bachelors degree from
the Guanghua School of Management, Peking University in 2007.
About Baidu
Founded in 2000, Baidus mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet
foundation, trading on Nasdaq under BIDU and HKEX under 9888. One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains
forward-looking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as
will, expects, anticipates, future, intends, plans, believes, estimates, confident and similar statements. Baidu may also make written or
oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the
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