Headlines

JD Names New President

Founder and CEO Richard Liu to remain CEO, Chairman

Published

3 years ago

September 7, 2021

JD Names New President — Courtesy of JD.com

Founder and CEO of JD.com (Guangzhou, China) Richard Liu will step away from daily operations of the retail chain while a new president assumes the role, according to CNBC.

Xun Lei, former CEO of JD Retail, will become president of the organization and will take over day-to-day administration of the business. Liu will remain chairman and CEO and will shift his focus to the e-commerce retailer’s long-term strategies, mentoring more junior members of the organization and “contributing to the revitalization of rural areas,” according to the company.

Liu has stayed out of the public eye since his 2018 arrest in the U.S. on allegations of rape, reports CNBC. He was not charged.

Related Topics:ceo JD.com President Richard Liu

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

click to Comment(Comment)

Up Next

Banana Republic Repositions with a Nostalgic Play

Don't Miss

Lunchables Debuts Experience at FAO Schwarz

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design