After adjusting for high-level personnel in November 2017, six months later, Xiaomi once again ushered in a new round of personnel adjustment on the eve of the IPO.
Among them, CFO Zhou was funded as senior vice president of the company, and co-founders Zhou Guangping and Huang Jiangji resigned from the company. In fact, this adjustment can be regarded as Xiaomi's further rationalization of governance structure on the eve of the IPO.
As a CFO, Zhou Chuangqi joined Xiaomi for more than two years, clarified the financial relationship for Xiaomi, and played a supporting role in Xiaomi’s technological innovation, ecological chain layout, and internationalization process. On the eve of Xiaomi’s IPO, Zhou was funded by Role and status will be more important.
The resignation of Zhou Guangping and Huang Jiangji is not surprising.
Zhou Guangping was renamed as the chief scientist of Xiaomi as early as May 2016. The team responsible for the development and supply chain of Xiaomi’s mobile phone that he was responsible for will directly report to Lei Jun. Zhou Guangping at the time appeared because of the appearance of Xiaomi in 2015 and 2016. The problem of supply chain, but already in the state of being frozen.
Huang Jiangji has also long been a virtual employee. In November 2017, Xiaomi’s personnel structure adjustment, Sina Technology discovered Huang Jiangji’s embarrassing position. As a co-founder, he was not promoted to senior vice president like other co-founders. In August and September 2017, he was replaced by the vice president of strategy of the Thunder Force. Huang Jiangji’s original department will report directly to Lei Jun. Lei Jun said that he will assist him in planning the company’s development strategy for the next three to five years. Being in a false position.
CFO Week is funded as senior vice president Millet IPO is in sight
Zhou Zhouzi
Zhou graduated from the Department of Economics, University College London, and holds an MBA degree from Harvard Business School. Zhou Chuang joined DST in 2010 and has been responsible for projects such as Xiaomi, Jingdong, Alibaba, and Didi Chu. Before joining DST, Zhou Zhouzi worked in Goldman Sachs.
On July 1, 2015, Xiaomi announced that Zhou was appointed as the chief financial officer. Lei Jun said at the time that after the week was joined by funds, Xiaomi’s financial management and investment team will be responsible for Xiaomi’s technological innovation, ecological chain layout, and internationalization process. To a greater support role. 'There are also some analysts believe that the week's funding from the investment bank can also help Xiaomi clarify the financial relationship, to prepare for the future listing.
Today's Hong Kong media reported that Xiaomi will submit applications for listing in Hong Kong next Monday. It is hoped that the valuation after IPO can reach 90 billion to 110 billion US dollars. It will coincide with Hong Kong Stock Exchange's devaluation of 'shares with different shares' next week, so Xiaomi Or become the first shares with different rights.
This week, Zhou Zi was concurrently a senior vice president. His intention to prepare for the listing of Xiaomi was even more apparent.
Lei Jun commented in an internal e-mail that after Zhou joined the company in July 2015, he made great contributions to the company's development with his outstanding leadership and business management capabilities. The company decided to appoint him as CFO and senior. The vice president, expecting him to play a greater role in finance, investment and HR.
Chief scientist Zhou Guangping has long been frozen due to supply chain problems
Zhou Guangping
Zhou Guangping holds a Ph.D. in electromagnetics and wireless technology from the Georgia Tech University. He used to be a core expert in the core design group of Motorola's mobile headquarters, and a chief engineer and senior director of the Motorola R&D Center in Beijing. From 2009 to 2010, he served as a product developer for Dell's wireless products. vice president.
In 2010, Zhou Guangping accepted the invitation of Lei Jun, and became the co-founder of Xiaomi Technology, serving as the vice president, responsible for the hardware and BSP team. Zhou Guangping was the core figure in mobile phone R&D and supply chain since Xiaomi Technology started its business. But since 2015, Xiaomi began to experience the biggest crisis since its establishment. During that year, it had not completed the shipment target of 80 million units, and in 2016 it was experiencing a cliff-type decline. According to IDC data, 2015 was the first millet shipment of Chinese smartphones in 2016. Year-on-year decline of 36%, dropped to fifth place.
In May 2016, Lei Junfa internally believed that Xiaoguang Co-founder and Vice President Zhou Guangping will serve as the chief scientist of Xiaomi and will be fully responsible for the frontline research of mobile phone technology. Zhou Guangping’s responsible millet mobile phone R&D and supply chain team will directly Report to Lei Jun.
In fact, Zhou Guangping was already in a state of being frozen.
When Lei Jun later reconstructed the reasons for Xiaomi's trough in 2015 and 2016, one of them was a problem in the supply chain, quality, and delivery. 'Why we cannot meet the growing needs of the people, we are also paralyzed by everyone. Where exactly is it? In fact, the term mobile delivery was only learned in 2016. As a startup company, we really have to respect the laws of the industry.
Lei Jun personally took over the mobile phone R&D and hardware, and began to promote the integration of production, supply and sales. The mobile phone industry is a collaborative system. R&D, supply chain, production, sales and other links need to be matched. More than a year later, Xiaomi was in September 2017 and 10 Monthly shipments of 10 million units were realized. This is considered by Lei Jun as Xiaomi has basically solved the problem of supply chain and production capacity. Xiaomi also achieved a reversal in 2017.
The development of its business is not much Strategy Huang Jiangji, vice president of strategy has long been a false job
Huang Jiangji
Huang Jiangji graduated from Purdue University. He used to work for Microsoft for 14 years. He was responsible for the high-performance data analysis system and automatic logistics distribution system of Microsoft's business service product Biztalk. He was responsible for Windows Mobile and Windows Phone 7 multimedia players in Microsoft China. Browser and instant messaging section.
In 2010, Huang Jiangji and Lei Jun and other partners founded Xiaomi. At first Huang Jiangji was responsible for the rice chat, Xiaomi cloud service and Xiaomi's router business. In February 2016, Xiaomi officially established an exploration laboratory to study cutting-edge technologies such as VR/AR and robotics. , Miller router general manager Tang Mu and Xiaomi co-founder Huang Jiangji are responsible.
The first project of the Xiaomi Discovery Lab was in the VR field. It launched millet VR glasses and VR glasses PLAY series products. However, after the VR industry experienced the first two years of buzz, a large number of companies went bankrupt, layoffs, etc. The winter state; the rice chat business has been in a tepid state after the rise of WeChat.
In August and September 2017, Lei Jun announced the restructuring of the organization through internal letters. Huang Jiangji was replaced by the vice president of strategy. Huang Jiangji’s original department will report directly to Lei Jun. Lei Jun said that he will assist him in planning the future of the company. Five-year development strategy. Since the internal letter was not publicly announced at the time, Huang Jiangji's post adjustment information did not appear in the media. In fact, Huang Jiangji was already at a time of false status.
The last public appearance of Huang Jiangji was made at the CCF-GAIR 2017 Global Artificial Intelligence and Robotics Summit held in July 2017. On August 22, Huang Jiangji updated the last Weibo. Before he updated frequently, he lost his new one. In addition, on November 5, 2017, at the opening of Xiaomizhijia’s flagship store in Shenzhen, Huang Jiangji did not appear when Lei Jun, Lin Bin and other senior executives attended the event.
In an adjustment of the millet structure in November 2017, Tang Mu’s Smart Products Department was merged into the Ecological Chain Department. Tang Mu was also appointed as the Vice President of the Ecological Chain Department and reported to Liu De. The outcome of Huang Jiangji’s It is clear.