New TikTok CEO is Chinese parent company ByteDance CFO Chew – Times of India

New TikTok CEO is Chinese parent company ByteDance CFO Chew – Times of India [ad_1]

New TikTok CEO is Chinese parent company ByteDance CFO Chew - Times of India | Latest News Live | Find the all top headlines, breaking news for free online May 1, 2021

SINGAPORE: Video app TikTok mentioned Friday that its new CEO is Shouzi Chew, the brand new CFO of its Chinese parent company, ByteDance.
He is primarily based in Singapore, the place TikTok has an workplace.
Vanessa Pappas, primarily based in Los Angeles, has been interim head of TikTok since Kevin Mayer, a former prime Disney govt who lasted only a few months within the position as head of TikTok, resigned in August 2020.
Pappas will turn into COO.
Chew turned ByteDance CFO in March. He had beforehand been a prime govt for Chinese smartphone maker Xiaomi, which went public in 2018.
TikTok’s app options quick movies, many with music and dancing, made by its customers that has turn into a favourite of youthful individuals. Research agency eMarketer predicts that TikTok could have 73 million U.S. customers this yr.
TikTok had named a US-primarily based CEO final yr — Mayer — amid scrutiny from President Donald Trump and his administration, which tried to ban the app primarily based on obscure nationwide-safety issues and pressure a sale to Oracle and Walmart. The Biden administration has put these efforts on maintain because it opinions nationwide safety threats posed by Chinese know-how corporations.
ByteDance CEO Yiming Zhang mentioned in an announcement that Chew will give attention to “company governance and lengthy-time period enterprise initiatives,” while Pappas oversees manages the app’s operations.
“We will continue building out our strong and deep management team as we set the stage for the next phase of TikTok’s success,” Chew mentioned.

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