A symbol of TikTok (douyin) is pictured in The Place shopping mall at dusk on August 22, 2020 in Beijing, China.
VCG | Visual China Group | Getty Images
GUANGZHOU, China – ByteDance co-founder Zhang Yiming will step down as CEO and take on a new role, the company announced on Thursday.
Another co-founder, Liang Rubo, who is currently Head of Human Resources, will take on the position of CEO of ByteDance worldwide, and Zhang will take on a key strategic role in late 2021.
“There are still a lot of things that we need to improve, and I think someone else can be a better driver for advancement in areas like improved day-to-day management. In truth, I am missing some of the skills that make an ideal manager,” Zhang said in one Note to employees.
“I’m more interested in analyzing organizational and market principles and using these theories to further reduce management work than actually managing people. Likewise, I’m not very social and prefer solitary activities like being online, reading, listening to music and daydreaming about what might be possible, “he said.
According to ByteDance, Zhang and Liang will “work side-by-side for the next six months to ensure the smoothest possible transition.”
ByteDance has made a number of management changes over the past few months. Last August, Kevin Mayer, who was hired by Disney as CEO of TikTok, resigned as Washington increased pressure on the social media app.
The US general manager of TikTok, Vanessa Pappas, took over the role temporarily.
In March, Chew Shou Zi, Xiaomi’s former chief financial officer, was poached by ByteDance as the company’s chief financial officer.
Just last month, Chew was named CEO of TikTok, taking over Pappas, who is now the chief operating officer.