Jack writes a letter to “Alibaba” employees to explain his retirement plan

Alibaba founder

Alibaba CEO Jack Ma, China’s richest man and CEO of Alibaba Group, announced that one year after today, September 10, 2019, “Daniel Chang” will be chairman of Alibaba Group, Ma will continue as CEO of the company in the next 12 months to ensure Smooth transition, and will continue to be a member of Alibaba Group’s Board of Directors until the Annual General Meeting of Shareholders in 2020.

Alibaba Group

“Today, as we celebrate the 19th anniversary of Alibaba, I am thrilled to share some news with you, with the approval of our board of directors, one year later,” said Jack Ma, a letter to Alibaba’s customers, employees, and shareholders. From today on September 10, 2019, which is also on the 20th anniversary of the founding of Alibaba, “Daniel” will be Chairman of Alibaba Group, and while I remain CEO over the next 12 months, I will work closely with Daniel to ensure smooth and successful transition, In Alibaba’s Board of Directors until the shareholders’ annual meeting in 2020. “

“I have been working on this succession plan for 10 years, and I am delighted to announce it today thanks to the support of all. I would also like to thank all the colleagues of Baba and your families for your trust, support, and joint projects over the past 19 years.

In the end, he said that since the company was founded in 1999, he and his colleagues found that Alibaba’s future would need to rely on “talent groups”. Alibaba today has a world-class talent pool in terms of Quality and quantity.

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