ByteDance founder Zhang Yiming has stepped down as chairman of the company. The new CEO, Liang Rubo, will now take up the role of chairman as well.
Zhang announced his resignation as the CEO of ByteDance in May and said he would move into a strategy role. Liang Rubo, who took over as CEO, will now also take up the role as chairman.
The move comes after a huge reorganization at ByteDance this week in which the CFO stepped down to focus solely on his role as TikTok CEO.GUANGZHOU, China — ByteDance founder Zhang Yiming has stepped down as chairman, as the company continues to reorganize its business, a person with direct knowledge of the matter told CNBC.and said he would move into a strategy role this year.ByteDance declined to comment when contacted by CNBC.
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