ByteDance founder Zhang to step down as chairman
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© Reuters. FILE PHOTO – Zhang Yiming is the founder and CEO global of ByteDance. This photo was taken in Palo Alto (California), U.S.A, on March 4, 2020. REUTERS/Shannon Stapleton(Reuters) – ByteDance Ltd founder Zhang Yiming, a billionaire, has resigned as the chairman, Bloomberg News reported Tuesday. He had resigned as chief executive officer in May.
Bloomberg reports that Zhang’s five-member board has been replaced with Liang Rubo by the CEO. Bloomberg cites a person who is familiar with this matter.
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