March 3 afternoon news, Jingdong Group CFO Huang Xuande officially announced yesterday that he will retire on September 16, former PricewaterhouseCoopers audit partner, current senior vice president of Jingdong Group, Jingdong retail chief financial officer Xu Ran will take over the position of CFO and report to Liu Qiangdong, chairman and CEO of JD Group.
Jingdong Group stated that Huang Xuande has reached the retirement age at the age of 55. He proposed to the group last year a plan to retire in one year. Although the company was very reluctant to give up, it still chose to respect his wishes.
Huang Xuande
It is understood that Huang Xuande has served as the chief financial officer of JD.com Group for the past six and a half years. Liu Qiangdong, chairman and CEO of JD.com, said in an internal letter, “Since joining JD.com in September 2013, Sidney (Note: Huang Xuande’s English name) has quickly distinguished himself by his professionalism, professional ethics, and humility. His attitude and fairness have won unanimous praise from everyone. During his tenure, he continued to build and improve JD.com’s financial management system, providing precise guidance and in-depth insights for JD.com’s development. Through good communication with the capital market, he continued to It has boosted investors' confidence and value recognition in JD.com. At the same time, Sidney has been devoting its energy to strengthening the attraction and training of outstanding financial professionals and cultivating a large number of key talents for JD.com. We sincerely express our sincere gratitude to Sidney for his efforts over the years Thanks! The company will also provide an exclusive retirement plan for Sidney and his family. I wish Sidney all the best in the future!"
JD.com said that considering the importance and complexity of the CFO's responsibilities, there will be three months in the future During the transition period, the official CFO handover time will be scheduled for June this year. After Xu Ran officially takes up his duties, Huang Xuande will accompany him for a while and will officially retire on September 16. "After retirement, Huang Xuande will serve as the group's honorary consultant, providing consultation and suggestions for the company's major decisions, inheriting and spreading JD.com's culture internally and externally, and helping more colleagues grow as an elder brother and comrade."
"Be able to serve JD.com I feel very honored to have experienced many exciting moments and extraordinary years in the company’s development history. I am very grateful for the trust and support given by Mr. Liu Qiangdong during my work at JD.com, and I feel lucky to work with many outstanding colleagues at JD.com. ." Huang Xuande said, "Ms. Xu Ran has excellent professional experience and a deep understanding of the company. I believe that Ms. Xu Ran is the ideal candidate to take over as the chief financial officer."
Xu Ran
It is reported that Xu Ran currently serves as a senior executive of JD.com. Vice president, responsible for the group's finance, accounting, and taxation work, and also serves as the chief financial officer of JD Retail. Information shows that before joining JD.com, Xu Ran served as an audit partner at PricewaterhouseCoopers China and worked in its Beijing and Silicon Valley offices for nearly 20 years, focusing on the TMT industry and the U.S. capital market. Since joining JD.com, he has played an important role in promoting lean financial management and improving operational efficiency of the group. Xu Ran's appointment as CFO also adds another female core executive to JD.com Group's core executive team. It is understood that since Jingdong Group launched the executive rotation mechanism, Xu Ran has rotated multiple positions within the group. It can be seen that rotation has become a necessary condition for the advancement of senior executives of Jingdong Group.
vs. Google , Amazon , Apple and other international Internet technology giants, it seems to have become a routine for senior managers to announce their retirement after the age of 50. Google CFO Patrick Pichette was 52 when he announced his retirement in 2015; Amazon CFO Thomas Szkutak was 53 when he retired in June 2015 and took 10 months Carry out work handover; 51-year-old Apple CFO Peter Oppenheimer announced his retirement in early March 2014 and officially handed over the baton in September of that year. It can be seen that it is becoming a trend for the management teams of high-tech companies to become younger.
