JD.com Announces Management Changes
11 Maio 2023 - 6:45AM
JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX:
9618), a leading supply chain-based technology and service
provider, is pleased to announce today that Ms. Sandy Ran Xu, the
current chief financial officer of JD.com, has been appointed as
the chief executive officer and an executive director of the
Company to succeed Mr. Lei Xu. Mr. Lei Xu will retire from his
positions as the chief executive officer and executive director of
the Company due to personal reasons. Mr. Ian Su Shan, the current
chief financial officer of JD Logistics, has been appointed as the
chief financial officer of the Company.
Mr. Lei Xu will begin the process of handing the
CEO role over to Sandy immediately, leaving ample time for a
seamless transition before his retirement in June. Mr. Xu has been
with JD.com for over a decade in various senior roles and has made
significant contributions to the Company’s development. After his
retirement, Mr. Xu will serve as the first chairman of the advisory
council of JD.com and continue to participate in the high-quality
development of the Company.
Ms. Sandy Ran Xu has served as the chief
financial officer of JD.com since June 2020. Ms. Xu joined JD.com
in July 2018, and oversaw group finance, accounting and tax
functions in addition to serving as chief financial officer of JD
Retail from July 2018 to May 2020. Prior to joining JD.com, Ms. Xu
was an audit partner and spent nearly 20 years with
PricewaterhouseCoopers Zhong Tian LLP, Beijing office and
PricewaterhouseCoopers, San Jose office. Ms. Xu also serves as a
director of JD Technology. Ms. Xu received her bachelor’s degree
with a double major in information science and economics from
Peking University.
Mr. Ian Su Shan has served as the chief
financial officer of JD Logistics since May 2022. Mr. Shan joined
JD.com in December 2021. Prior to that, Mr. Shan worked at Lavender
Hill Capital Partners from October 2019 to November 2021 and served
as a Managing Director from January 2021 to November 2021. He also
worked in the TMT Group of the Investment Banking Division at
Goldman Sachs (Asia) L.L.C. from 2015 to 2019 and served as an
Executive Director from January 2017 to September 2019. Mr. Shan
received his bachelor’s degree in laws from China University of
Political Science and Law, and his master’s degree in laws from
University of Warwick. Mr. Shan is a CFA charterholder.
“On behalf of our board, I would like to thank
Lei for his outstanding contributions to JD.com. His sound judgment
and leadership as the CEO have been instrumental to our
development. We wish him all the best in his well-deserved
retirement and look forward to his continuing contributions as the
chairman of our advisory council,” said Mr. Richard Qiangdong Liu,
chairman of JD.com. “We are confident that Sandy as the CEO and Ian
as the CFO will provide strong leadership for JD.com going forward.
Sandy has been a great CFO, and has also contributed significantly
to our business functions and demonstrated profound insights about
our business and strategic development. Going forward, I’ll
continue to devote my time to JD’s long-term strategies, mentorship
of younger management, and revitalization of rural areas, and Sandy
will lead the management team and oversee our daily operations. In
addition, Ian’s outstanding performance as the CFO of JD Logistics
and his track record of professional success makes him the ideal
person to succeed as the CFO of JD.com.”
“It has been a great privilege to work alongside
such a talented and dedicated team at JD.com, and I am grateful for
the trust of the board and Richard as well as for everyone’s
support during the years we’ve worked together,” said Mr. Lei Xu.
“I am also fortunate to have worked closely with Sandy for years.
With her stellar performance, excellent professionalism and deep
understanding of JD.com’s business, I am sure she will make a
perfect CEO. While I have decided to retire and devote more time to
my family, I am as confident as ever in JD.com’s long-term
leadership as a supply chain-based technology and service provider
and its mission to create value for users, business partners and
the society.”
“It’s a great honor to become the CEO of JD.com,
and I deeply appreciate the trust of both Richard and the board,”
commented Ms. Sandy Ran Xu. “Richard and Lei have set a strong
foundation for our future endeavors and will continue to provide
invaluable support for JD.com’s long-term strategic development. I
look forward to further driving JD.com’s sustainable high-quality
growth and bringing more values to our customers, business partners
and the society.”
“I am excited about serving as the CFO at the
group level and look forward to working closely with the executive
team to drive JD.com’s future growth,” said Mr. Ian Su Shan.
About JD.com
JD.com is a leading supply chain-based
technology and service provider. The company’s cutting-edge retail
infrastructure seeks to enable consumers to buy whatever they want,
whenever and wherever they want it. The company has opened its
technology and infrastructure to partners, brands and other
sectors, as part of its Retail as a Service offering to help drive
productivity and innovation across a range of industries.
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. JD.com may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in announcements
made on the website of the Stock Exchange of Hong Kong Limited, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about JD.com’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: JD.com’s growth strategies; its future
business development, results of operations and financial
condition; its ability to attract and retain new customers and to
increase revenues generated from repeat customers; its expectations
regarding demand for and market acceptance of its products and
services; trends and competition in China’s e-commerce market;
changes in its revenues and certain cost or expense items; the
expected growth of the Chinese e-commerce market; laws, regulations
and governmental policies relating to the industries in which
JD.com or its business partners operate; potential changes in laws,
regulations and governmental policies or changes in the
interpretation and implementation of laws, regulations and
governmental policies that could adversely affect the industries in
which JD.com or its business partners operate, including, among
others, initiatives to enhance supervision of companies listed on
an overseas exchange and tighten scrutiny over data privacy and
data security; risks associated with JD.com’s acquisitions,
investments and alliances, including fluctuation in the market
value of JD.com’s investment portfolio; impact of the COVID-19
pandemic; natural disasters and geopolitical events; change in tax
rates and financial risks; intensity of competition; and general
market and economic conditions in China and globally. Further
information regarding these and other risks is included in JD.com’s
filings with the SEC and the announcements on the website of the
Stock Exchange of Hong Kong Limited. All information provided
herein is as of the date of this announcement, and JD.com
undertakes no obligation to update any forward-looking statement,
except as required under applicable law.
For investor and media inquiries, please
contact:
Investor RelationsSean Zhang+86
(10) 8912-6804IR@JD.com
Media Relations+86 (10)
8911-6155Press@JD.com
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