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Xiaomi Li Wanqiang resigned and Lei Jun sent an internal letter announcing the change of management

On November 29, Lei Jun released an internal email today announcing the changes of Xiaomi's management. According to the internal letter, Lin bin was promoted to vice chairman, Wang Xiang was promoted to President of the group, and He Yong was promoted to vice president of the group; Zhou Shouzi and Lu Weibing took turns in important business lines, and Li Wanqiang and Qi Yan left Xiaomi for personal reasons.

The following is the original text of Xiaomi group's appointment notice:

Xiaomi students:

We just released an excellent financial report. Under the sound business strategy, in the third quarter of this year, our total revenue was 53.7 billion yuan, a record high. The adjusted net profit was 3.5 billion yuan, exceeding market expectations. Xiaomi smartphone ranks among the top four in the world, with excellent international business performance. India continues to take the lead in the market. Shipments in Western Europe have increased by 90.9% year-on-year, and international business revenue accounts for 48.7% of the group's revenue. The scale of IOT platform continues to lead. Xiaomi TV ranks first in China. This series of achievements comes from the efforts of all Xiaomi people. Thank you!

Next year will be the year of Xiaomi's 5g business and the key year for Xiaomi to promote 'mobile + aiot'. We need stronger group management support and the organizational innovation vitality brought by the cadre rotation mechanism. To this end, the management decided to make a new round of group cadre appointment after discussion.

1、 Lin bin was appointed as vice chairman of Xiaomi group by the board of directors one month ago to assist me in managing the affairs of the board of directors and continue to focus on the business management of the mobile phone department. Based on the strong leadership of the international department over the past four years, the company's management decided to promote Wang Xiang to the president of the group, responsible for managing the functional platform of the group and assisting me in managing the operation of the group. At the same time, we also congratulate He Yong on his promotion to vice president of the group. He is in charge of government affairs department, administration department and regional management department and reports to Wang Xiang.

2、 In order to promote the improvement and maturity of the cadre rotation and training mechanism, we have selected two young and outstanding group executives, Zhou Shouzi and Lu Weibing, for rotation. Zhou Weizi was appointed president of the international department and reported to me. The board of directors has established a special team to select and hire a new CFO in the near future. Before the new CFO arrives, Shou will continue to serve as CFO. Lu Weibing served as the president of China and continued to serve as the general manager of redmi brand, reporting to me. We look forward to the success of the two rotating executives in their new positions!

3、 Co founder Li Wanqiang resigned for personal reasons, and senior vice president Qi Yan formally retired due to personal requirements. Both of them will serve as senior consultants of Xiaomi group.

Thank Ali for his long-term contribution and great contribution since he started his business. Ali led MIUI, xiaomi.com (Xiaomi sales and service system), Xiaomi brand market system and other businesses to continuously open up wasteland, and made indelible contributions in many fields such as business model verification and implementation, corporate culture and brand construction.

Thank Mr. Qi for her hard work over the past seven years and her outstanding contributions in public affairs, corporate administration, headquarters construction and regional business expansion, which has laid an important and solid foundation for the platform governance of Xiaomi group.

The management of the company understands their choice, thanks them for their years of hard work and dedication, and wishes them all the best in the future. I would also like to take this opportunity to pay tribute to all the students who have worked hard and made contributions in the history of Xiaomi! Xiaomi will always be grateful and will repay the achievements made by solid progress with each step.

Believe in the dream of persistence and the power of change, Xiaomi's future will be more brilliant!

Lei Jun

November 29, 2019