As a successor, he chose Daniel Zhang, the author of the sale of “Bachelor Day”.
Co-founder and Chairman of the Board of Directors of Alibaba Group Jack Ma intends to depart from the management of the group at its 20th anniversary, September 10, 2019. This is stated in the company’s statement.
As chairman, he will be replaced by acting CEO of Alibaba, Daniel Zhang. The board of directors Ma plans to leave after the annual meeting of shareholders in 2020. After that, he will continue to lead the advisory group Alibaba Partnership, which includes 36 key managers of the company. The group has the right to appoint the majority of candidates on the board of directors of the company.
As for my future, I dream about many things. Those who know me know that I do not like to sit idle. I plan to contribute to the work of Alibaba Partnership as a founding partner. In addition, I want to return to the sphere of education, this is a business that I love and that brings me much joy. The world is big, and I’m still young, so I want to try something new. What if new dreams can come true?
The only thing I can promise is: Alibaba never belonged to Jack Ma alone, but Jack Ma will always belong to Alibaba.
The successor to Ma, 46-year-old Daniel Zhang, heads Alibaba from 2015. Previously, he held the posts of financial director of Taobao and president of Tmall.com. Zhang was the author of the idea of ”Bachelor Day” – the annual sale, which Alibaba conducts on November 11 and which was the biggest event in the online shopping market, points out Reuters.
“Under the leadership of Zhang, Alibaba has demonstrated consistent and sustained growth of 13 consecutive quarters. The transfer of the Alibaba torch to Daniel and his team is the right decision on time, “Ma said in a letter to Alibaba’s customers, employees and shareholders. Having headed the board of directors, Zhang will retain the post of director general of the company.
Jack Ma is a former teacher of English without technical education. Together with partners in 1999, he founded Alibaba. Now Ma is one of the richest people in China, Forbes estimates his fortune at $ 36.6 billion. Alibaba’s capitalization is about $ 420 billion, the group employs 66,000 full-time employees.