LeEco founder quits as CEO
HONG KONG/BEIJING: The founder of LeEco, a cashstrapped Chinese Netflix-to-Tesla-like conglomerate, has stepped down as head of the group’s main listed unit amid a wider restructuring that seeks to isolate successful businesses from struggling operations.
A stock exchange filing from Leshi Internet Information & Technology Corp Beijing, a Shenzhen-listed video-streaming business, on Sunday stated Jia Yueting would step down as chief executive officer but would remain chairman. Leshi’s finance chief will also be replaced.
Succeeding Jia will be Liang Jun, a long-time Lenovo Group Ltd executive who joined Leshi in 2012. Zhang Wei becomes chief financial officer, replacing Yang Lijie, who resigned due to personal reasons, the filing showed. Reuters