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Exclusive: ByteDance to reorganize, CFO steps down to focus on TikTok

by Mike Robinson

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© Reuters. FILE PHOTO – This illustration, taken Nov. 27, 2019, shows the ByteDance logo. REUTERS/Dado Ruvic/Illustration

BEIJING, (Reuters) – TikTok’s Chief Executive Officer Shou Z Chew will resign as ByteDance’s chief financial officer in order to concentrate on the full-time operation of its short video operations business. This is according to an internal memo that Reuters obtained.

According to ByteDance chief executive Liang Rubo, the Chinese tech company plans to reorganize to establish six units.

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