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Baidu Announces Management Rotation

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Baidu, a leading AI company, has announced a management rotation. Mr. Rong Luo will now serve as Executive Vice President in charge of the Baidu Mobile Ecosystem Group (MEG), stepping down from his role as Chief Financial Officer. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer, transitioning from his position as Senior Vice President and Head of MEG.

This rotation aims to foster executive leadership development, optimize organizational structure, and support Baidu's long-term growth. Robin Yanhong Li, Baidu's co-founder and CEO, expressed confidence in both executives' abilities to drive the company's strategic initiatives forward.

Mr. Junjie He, who joined Baidu in June 2019, has extensive experience in management, investment, and finance, having previously overseen Baidu's M&A, SIM, SOM, and FP&A departments. He holds a bachelor's degree from the Guanghua School of Management, Peking University.

Baidu, una delle principali aziende di intelligenza artificiale, ha annunciato un cambio di gestione. Il signor Rong Luo assumerà ora il ruolo di Vice President Esecutivo responsabile del Gruppo Ecosistema Mobile di Baidu (MEG), lasciando la sua posizione di Direttore Finanziario. Contestualmente, il signor Junjie He è stato nominato Direttore Finanziario Ad Interim, passando dal suo ruolo di Vice Presidente Senior e Capo di MEG.

Questo cambiamento mira a promuovere lo sviluppo della leadership esecutiva, ottimizzare la struttura organizzativa e sostenere la crescita a lungo termine di Baidu. Robin Yanhong Li, co-fondatore e CEO di Baidu, ha espresso fiducia nelle capacità di entrambi gli dirigenti di portare avanti le iniziative strategiche dell'azienda.

Il signor Junjie He, che è entrato in Baidu nel giugno 2019, vanta una vasta esperienza in gestione, investimenti e finanza, avendo precedentemente supervisionato i dipartimenti M&A, SIM, SOM e FP&A di Baidu. Ha conseguito una laurea presso la Guanghua School of Management, Università di Peking.

Baidu, una de las principales empresas de IA, ha anunciado una rotación en la dirección. El Sr. Rong Luo asumirá ahora el cargo de Vicepresidente Ejecutivo a cargo del Grupo de Ecosistema Móvil de Baidu (MEG), dejando su papel como Director Financiero. Al mismo tiempo, el Sr. Junjie He ha sido nombrado Director Financiero Interino, trasladándose de su puesto como Vicepresidente Senior y Jefe de MEG.

Esta rotación tiene como objetivo fomentar el desarrollo del liderazgo ejecutivo, optimizar la estructura organizativa y apoyar el crecimiento a largo plazo de Baidu. Robin Yanhong Li, cofundador y CEO de Baidu, expresó confianza en la capacidad de ambos ejecutivos para impulsar las iniciativas estratégicas de la empresa.

El Sr. Junjie He, quien se unió a Baidu en junio de 2019, tiene una amplia experiencia en gestión, inversión y finanzas, habiendo supervisado anteriormente los departamentos de M&A, SIM, SOM y FP&A de Baidu. Tiene una licenciatura de la Guanghua School of Management, Universidad de Peking.

바이두(Baidu)는 선도적인 AI 기업으로서 경영 진입을 발표했습니다. 룽 루오(Rong Luo) 씨가 이제 바이두 모바일 생태계 그룹(MEG)의 부사장으로 부임하며, 최고 재무 책임자 역할에서 물러납니다. 동시에, 쥔지에 허(Junjie He)가 임시 최고 재무 책임자로 임명되었으며, MEG의 수석 부사장 직에서 전환합니다.

이러한 진입은 경영 리더십 개발을 촉진하고 조직 구조를 최적화하며 바이두의 장기 성장 지원을 목표로 합니다. 바이두의 공동 창립자이자 CEO인 로빈 얀홍 리(Li Yanhong)는 두 임원이 회사의 전략적 이니셔티브를 추진할 수 있는 능력에 대한 신뢰를 표명했습니다.

2019년 6월 바이두에 합류한 쥔지에 허 씨는 경영, 투자 및 재무 분야에서 폭넓은 경험을 가지고 있으며, 이전에는 바이두의 M&A, SIM, SOM 및 FP&A 부서를 감독하였습니다. 그는 베이징 대학의 광화 경영대학에서 학사 학위를 받았습니다.

Baidu, une entreprise leader dans le domaine de l'IA, a annoncé une rotation de gestion. M. Rong Luo occupera désormais le poste de Vice-Président Exécutif en charge du Groupe Écosystème Mobile de Baidu (MEG), quittant son rôle de Directeur Financier. Parallèlement, M. Junjie He a été nommé Directeur Financier Par Interim, transitionnant de son poste de Vice-Président Senior et Responsable de MEG.

Cette rotation vise à promouvoir le développement du leadership exécutif, à optimiser la structure organisationnelle et à soutenir la croissance à long terme de Baidu. Robin Yanhong Li, co-fondateur et PDG de Baidu, a exprimé sa confiance dans les capacités des deux dirigeants à faire avancer les initiatives stratégiques de l'entreprise.

M. Junjie He, qui a rejoint Baidu en juin 2019, possède une vaste expérience en gestion, investissement et finance, ayant précédemment supervisé les départements M&A, SIM, SOM et FP&A de Baidu. Il est titulaire d'un diplôme de premier cycle de la Guanghua School of Management de l'Université de Pékin.

Baidu, ein führendes KI-Unternehmen, hat eine Managementrotation bekannt gegeben. Herr Rong Luo wird jetzt als Executive Vice President für die Baidu Mobile Ecosystem Group (MEG) tätig sein und tritt von seiner Rolle als Chief Financial Officer zurück. Gleichzeitig wurde Herr Junjie He als Interim Chief Financial Officer ernannt und wechselt von seiner Position als Senior Vice President und Leiter der MEG.

Diese Rotation zielt darauf ab, die Entwicklung exekutiver Führung zu fördern, die Organisationsstruktur zu optimieren und das langfristige Wachstum von Baidu zu unterstützen. Robin Yanhong Li, Mitbegründer und CEO von Baidu, äußerte Vertrauen in die Fähigkeiten beider Führungskräfte, die strategischen Initiativen des Unternehmens voranzutreiben.

Herr Junjie He, der im Juni 2019 zu Baidu kam, hat umfangreiche Erfahrungen in den Bereichen Management, Investitionen und Finanzen, da er zuvor die Abteilungen M&A, SIM, SOM und FP&A von Baidu geleitet hat. Er besitzt einen Bachelor-Abschluss von der Guanghua School of Management der Peking-Universität.

Positive
  • Management rotation aimed at fostering executive leadership development and optimizing organizational structure
  • Appointment of experienced executives to key positions (Mobile Ecosystem Group and Interim CFO)
Negative
  • None.

BEIJING, Oct. 8, 2024 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced certain management rotation. Mr. Rong Luo will be serving as Executive Vice President in charge of the Baidu Mobile Ecosystem Group (MEG), and no longer serve as Chief Financial Officer, effective immediately. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer of the Company, transitioning from his current position as Senior Vice President and Head of the Baidu Mobile Ecosystem Group (MEG). This management rotation underscores Baidu's ongoing commitment to fostering executive leadership development, optimizing organizational structure and supporting Baidu's long-term growth objectives.

"On behalf of the board of directors and senior management, we are delighted to welcome Mr. Rong Luo to his new role as head of the Baidu Mobile Ecosystem Group, and we are confident that his leadership will continue to be instrumental in this position. We also extend our sincere appreciation to Mr. Luo for his significant contributions as our Chief Financial Officer over the past few years. In addition, we will have Mr. Junjie He join our management team with his new role as the Company's Interim CFO, and we believe his extensive experience in management, investment and finance will be invaluable in driving Baidu's strategic initiatives going forward," said Mr. Robin Yanhong Li, Baidu's co-founder and CEO.

Mr. Junjie He joined Baidu in June 2019 and has served as a Senior Vice President of the Company and the head of the Baidu Mobile Ecosystem Group (MEG) since May 2022. Prior to that, Mr. He oversaw Baidu's M&A (Mergers & Acquisition), SIM (Strategic Investment Management), SOM (Sales Operation and Management), and FP&A (Financial Planning & Analysis) departments. Prior to joining Baidu, Mr. He had rich work experience with investment firms including China International Capital Corporation (CICC), CITIC Private Equity and Warburg Pincus. Mr. He obtained his bachelor's degree from the Guanghua School of Management, Peking University in 2007.

About Baidu

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/baidu-announces-management-rotation-302269819.html

SOURCE Baidu, Inc.

FAQ

What management changes did Baidu (BIDU) announce on October 8, 2024?

Baidu announced that Mr. Rong Luo will become Executive Vice President of the Mobile Ecosystem Group, stepping down as CFO. Mr. Junjie He was appointed as Interim CFO, transitioning from his role as Senior VP and Head of the Mobile Ecosystem Group.

Who is the new Interim CFO of Baidu (BIDU)?

Mr. Junjie He has been appointed as the Interim Chief Financial Officer of Baidu, effective immediately as of the announcement on October 8, 2024.

What is the purpose of Baidu's (BIDU) management rotation announced in October 2024?

The management rotation aims to foster executive leadership development, optimize organizational structure, and support Baidu's long-term growth objectives.

What was Junjie He's role at Baidu (BIDU) before becoming Interim CFO?

Before becoming Interim CFO, Junjie He served as a Senior Vice President of Baidu and the head of the Baidu Mobile Ecosystem Group (MEG) since May 2022.

Baidu, Inc.

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