© Reuters. FILE PHOTO: Alibaba Group's logo will be illuminated in its office building in Beijing, China on Aug 9, 2021. REUTERS / Tingshu Wang
(Reuters) – Alibaba (NYSE 🙂 Group Holding Ltd said Toby Xu will succeed Maggie Wu as the company's chief financial officer in April.
Xu joined Alibaba from PWC three years ago and was named deputy chief financial officer in July 2019, Alibaba said.
Wu, who served as CFO in the direction of three Alibaba affiliates, will continue to serve as executive director on Alibaba's board of directors, the company said.
"We are long-term oriented and the succession within our management team is always on duty at every opportunity to ensure that Alibaba is stronger and better positioned for the future," said Daniel Zhang, chairman and CEO of Alibaba.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media, or anyone involved in Fusion Media, assumes no liability for any loss or damage arising out of reliance on the information contained on this website, including data, prices, charts, and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.