Original title: Xiaomi personnel adjustment: resignation of two co founders
Late at night on April 27, Xiaomi CEO Lei Jun announced the appointment of Xiaomi CFO Zhou Shouzi as the company's senior vice president. Lei Jun said he expected Zhou to play a greater role in finance, investment and HR.
Lei Jun also announced that Zhou Guangping and Huang Jiangji, CO founders of Xiaomi, resigned from the company. Lei Jun said that for personal reasons, the two co founders decided to choose a new way of life and will resign from their positions in the company.
According to public information, Zhou is a Singaporean, graduated from the Department of economics, University College London, and holds an MBA from Harvard Business School.
Zhou Shouzi joined Xiaomi as CFO in July 2015. Before that, he worked for DST, Goldman Sachs and other companies. It is worth mentioning that the companies that he invested in include Xiaomi, Jingdong, Alibaba, Didi taxi, etc. Zhou Shouzi is also the head of DST's investment project in Xiaomi.
Zhou Guangping, who resigned from the company this time, was a core expert in the core design group of Motorola mobile headquarters in the United States, chief engineer and senior director of Motorola Beijing R & D center, and vice president of Dell Xingyao wireless product development.
In 2010, Zhou Guangping accepted the invitation of Lei Jun and became the co-founder of Xiaomi technology. He served as vice president and was responsible for the hardware and BSP Team. However, in the rapid growth of Xiaomi in 2015, Zhou Guangping was gradually faded out in Xiaomi.
In May 2016, Lei Jun sent an internal e-mail saying that Zhou Guangping was the chief scientist of Xiaomi and was fully responsible for the research in the cutting-edge field of mobile phone technology. Xiaomi mobile phone R & D and supply chain team report directly to Lei Jun.
In the past two years, Lei Jun invited Zhang Feng, the founder of Zimi technology, to coordinate the supply chain team and help Xiaomi quickly walk out of the 2016 trough.
Huang Jiangji (also known as' KK ') graduated from Purdue University. Before joining Xiaomi, he worked at Microsoft for 14 years. In 2010, he co founded Xiaomi with Lei Jun and other partners.
Huang Jiangji was responsible for the multimedia player, browser and instant messaging of windows mobile and Windows Phone 7 in Microsoft. Therefore, in Xiaomi, he was responsible for the business of MI chat, Xiaomi cloud, Xiaomi router and Xiaomi exploration laboratory.
However, some sources told the interface reporter that Huang Jiangji's business suck was long ago marginalized.
'first of all, we made Mi chat dead. Now Cui Baoqiu (chief architect of Xiaomi and vice president of Xiaomi artificial intelligence and cloud platform) is in charge of Xiaomi cloud business. Xiaomi router and Xiaomi exploration laboratory were handed over to Tang mu (vice president of Xiaomi ecological chain and head of Xiaomi exploration laboratory) a long time ago. '
Six months ago, Xiaomi also made an internal personnel adjustment. At that time, Lei Jun appointed Lin bin, President of the company, as general manager of the mobile phone department, and Wang Lingming, vice president and general manager of the sales and Service Department of the company, to take over Lin Bin's work and report directly to him.
In addition, Li Wanqiang was appointed as the brand strategy officer to focus on the company's brand building. At the same time, Li Wanqiang appointed Shun as the capital investment partner to strengthen the cooperation between Xiaomi and Shunwei in the investment field.
In addition, Xiaomi appointed Hong Feng, Liu De, Wang Chuan and Qi Yan as senior vice presidents of the company. The intelligent product department was merged into the ecological chain department, and Tang Mu was appointed Vice President of the ecological chain department, reporting to Liu De.
Just this week, Lei Jun once again mentioned the importance of Lin Bin's job transfer to Xiaomi at the Xiaomi 6x press conference in Wuhan. 'after the strong growth of Xiaomi mobile phones last year, I handed over the R & D and supply chain to Lin bin. '
At the press conference, Lei Jun promised that the net profit rate of hardware would never exceed 5%. That is to say, the comprehensive after tax net interest rate of the overall hardware business (including mobile phones, iots and consumer products) shall not exceed 5% every year. If it exceeds 5%, Xiaomi will return more than 5% to Xiaomi users in a reasonable way.
Lei Jun said: 'Xiaomi insists on making good products that move people's hearts and offer good prices. We also firmly believe that mass consumer goods should take the initiative to control reasonable profits, which will become an irresistible trend of the times, and the measures of greedy for high gross profit will go to the road of no return. '
Some analysts said that Xiaomi's proposal of 5% hardware comprehensive net interest rate and two senior management adjustments within half a year are the final preparation for listing.
Just yesterday, according to a report released by the Hong Kong Caihua news agency, Xiaomi may submit an application for listing in Hong Kong next Monday, hoping that the post IPO valuation can reach US $90 billion to US $110 billion. It's the first time that the Hong Kong Stock Exchange will launch the "same shares with different rights" from next Monday, so Xiaomi may become the first batch of shares with different rights.
Here is Lei Jun's internal email:
Dear students of Xiaomi
hello everyone!
The day before yesterday, at the Xiaomi 6x conference held at Wuhan University, we announced our commitment to all users: the comprehensive net profit rate of Xiaomi's overall hardware business will never exceed 5%.
After the news was released, the response was enthusiastic, and millet employees and rice noodles expressed their support for the company to make this commitment. Thank you for your full trust in the company's management! Your love for Xiaomi inspired us to move forward.
Today, I would like to announce two other important news:
1、 CFO Zhou was appointed senior vice president of the company.
After joining the company in July 2015, Zhou Shouzi has made great contributions to the development of the company with his outstanding leadership and business management skills. The company decided to appoint him as CFO and senior vice president, expecting him to play a greater role in finance, investment and HR. This appointment shall take effect immediately.
2、 Co founders Zhou Guangping and Huang Jiangji (KK) resigned from the company.
Zhou Guangping has laid an important foundation for the R & D and production of Xiaomi mobile phones. Huang Jiangji has led the pioneering of many businesses such as Mi chat, Xiaomi cloud, IOT strategy, etc. They have made outstanding contributions to Xiaomi and are the co founders of Xiaomi miracle.
For personal reasons, the two co founders chose a new way of life and decided to resign from their positions in the company. The company's management understands their choice, thanks them for their hard work and dedication, and wishes them all the best in the future.
I also want to take this opportunity to pay tribute to all the students who have worked hard and made contributions in the history of Xiaomi!
Behind every step of Xiaomi's progress and every achievement, there is the sweat of Xiaomi people.
Xiaomi will always be grateful and return with more exciting and steady results!
Lei Jun
4/27/2018