Tuesday, May 11, 2021
Home Business ByteDance CFO Shouzi Chew named as TikTok’s new CEO - Music Business...

ByteDance CFO Shouzi Chew named as TikTok’s new CEO – Music Business Worldwide

TikTok has named Singapore-based Shouzi Chew, the CFO of dad or mum firm ByteDance, as its new CEO.

In addition, as a part of what TikTok calls a “strategic reorganization”, Vanessa Pappas, who has served as Interim Head of TikTok since August 2020, will tackle the position of TikTok COO, persevering with together with her present duties. 

TikTok’s management shakeup follows the departure in August of former TikTok CEO and ByteDance COO Kevin Mayer, who resigned lower than 4 months into the position amidst strain from the Trump administration for TikTok to unload its US enterprise.

In November Mayer joined Access Industries, the bulk proprietor of Warner Music Group, as a “senior media adviser”.

Prior to becoming a member of ByteDance earlier this 12 months, Shouzi Chew held various senior roles with “global mandates in the technology and investment community,” says TikTok.

In 2013 he led a staff that grew to become one of many earliest traders in ByteDance.

Los Angeles-based Pappas joined TikTok on the finish of 2018 following a protracted profession within the video platform house, most not too long ago at YouTube.

Last month it was reported that on the finish of October, TikTok had 732 million Monthly Active Users (MAUs) world wide and over 100m MAUs within the United States.

We additionally discovered final month that these 732m customers watch the app for a median of 89 minutes per day.

“The leadership team of Shou and Vanessa sets the stage for sustained growth.”

Yiming Zhang, ByteDance

Yiming Zhang, Founder and CEO of ByteDance, mentioned: “The leadership team of Shou and Vanessa sets the stage for sustained growth.

“Shou brings deep knowledge of the company and industry, having led a team that was among our earliest investors, and having worked in the technology sector for a decade.

“He will add depth to the team, focusing on areas including corporate governance and long-term business initiatives.”

Added Yiming: “Vanessa has provided strong leadership and will continue to oversee her current portfolio of responsibilities, including managing all of the platform’s key operations.”

“We will continue building out our strong and deep management team as we set the stage for the next phase of TikTok’s success.”

Shouzi Chew, TikTok 

TikTok CEO Shouzi Chew, mentioned: “It’s humbling to be entrusted with this responsibility, and to partner with great leaders like Vanessa to drive TikTok’s unprecedented development as the global home for inspirational and creative content.

“We will continue building out our strong and deep management team as we set the stage for the next phase of TikTok’s success.”

“I’m excited to deepen my partnership with Shou, and develop an even richer TikTok platform to provide people around the world a meaningful and entertaining experience.”

Vanessa Pappas

TikTok COO Vanessa Pappas, added: “It’s truly gratifying to have the opportunity to support the most creative and inspiring community out there, and to work alongside a management team that fully believes in that community.

“I’m excited to deepen my partnership with Shou, and develop an even richer TikTok platform to provide people around the world a meaningful and entertaining experience. The TikTok journey is just beginning.”

 Music Business Worldwide

Leave a Reply

Tuesday, May 11, 2021
All countries
159,419,267
Total confirmed cases
Updated on May 11, 2021 12:32 am

Most Popular

Most Trending

Recent Comments

Chat on WhatsApp
1
Hello
Hello,
How can we help you?
%d bloggers like this: