Chinese e-commerce giant Alibaba Group has picked executive vice president Jonathan Lu as the new CEO to replace founder Jack Ma, who is stepping down on May 10.
A report Monday on Alibaba Group's news blog Alizila said Lu is also the company's current chief data officer and president of Aliyun mobile OS. He has been with Alibaba since 2000, a year after the founding of the company. The executive has led three of the company's major divisions and headed online shopping site Taobao during a period of high growth, it added.
The report cited Alibaba founder Ma's e-mail to employees: "Jonathan and I have worked together for 13 years. During that time, he founded the Alibaba.com Guangdong sales team, was the founding president of [payments service] Alipay, served as president of Big Taobao, stepped in as CEO of the then-listed Alibaba.com. He is currently the Group's chief data officer and president of Aliyun mobile OS."
Ma added: "[Lu] is passionate about and familiar with the Group's various businesses. Not only has he contributed to building our culture and organization and developed many talented people, he also possesses a unique leadership style and charisma."
In January, Ma announced that he will be stepping down from his role as CEO to make way for the younger generation to lead the company. However, he will remain as chairman of the company and be involved in shaping the group's business strategy and management development.