A logo of TikTok (Douyin) is pictured at The Place shopping center at nightfall on August 22, 2020 in Beijing, China.
VCG | Visual China Group | Getty Images
GUANGZHOU, China — Zhang Yiming, co-founder of ByteDance, will step down as CEO and transition to a new role, the corporate mentioned on Thursday.
Another co-founder, Liang Rubo, who’s presently head of human sources, will take over as CEO of ByteDance globally and Zhang will move into a key technique role on the finish of 2021.
“There are nonetheless many issues that we want to enhance, and I feel another person can higher drive progress by areas like improved each day administration. The fact is, I lack some of the abilities that make an excellent supervisor,” Zhang mentioned in a word to workers.
“I’m extra excited by analyzing organizational and market ideas, and leveraging these theories to additional scale back administration work, fairly than truly managing folks. Similarly, I’m not very social, preferring solitary actions like being on-line, studying, listening to music, and daydreaming about what could also be attainable,” he mentioned.
ByteDance mentioned Zhang and Liang “will work aspect by aspect over the following six months to make sure the smoothest attainable transition.”
— This is a breaking information story. Please test again for extra.
