Date
18 October 2018
Xiaomi will bring in more young managers into senior positions as part of efforts by CEO Lei Jun to build a strong second-tier leadership. Photo: Reuters
Xiaomi will bring in more young managers into senior positions as part of efforts by CEO Lei Jun to build a strong second-tier leadership. Photo: Reuters

Xiaomi to rejig operations, create new management jobs

Chinese smartphone maker Xiaomi said on Friday that it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, Reuters reports.

The firm will introduce two new departments to advise Lei on strategy and oversee hiring, promotion and pay, the report said, citing a memo sent by Lei to staff last week.

Also, Xiaomi will reshuffle its four main business units into 10 to promote younger managers, Lei said in the memo, noting that a majority of newly-appointed leaders in the group were from the post-1980s generation.

“Our senior management team has implemented several changes that will … provide opportunities for young talent to rise up the ranks,” Lei wrote.

The changes come less than a week after Jack Ma, one of China’s best-known businessmen, said he will step down as chairman of Alibaba in a year and hand the reins to CEO Daniel Zheng, underlining the need for succession planning. 

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