Alibaba Group Holding Limited today announced that one year from today – on September 10, 2019 – chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group. Below is a letter that Ma has issued to Alibaba’s customers, employees and shareholders.
Jack Ma, Executive Chairman, Alibaba Group. Source: www.alibabagroup.com.
Jack Ma will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of the chairmanship to Daniel Zhang.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere and the company aims to achieve sustainable growth for 102 years.
For the fiscal year ended March 2018, the company reported revenues of US$39.9 billion.
Ma will complete his current term as a member of Alibaba Group’s board of directors until its annual general meeting of shareholders in 2020.
Ma is a lifetime partner in the Alibaba Partnership and is a member of its partnership committee.
The Alibaba Partnership currently comprises 36 partners who are also members of senior management of Alibaba Group or its affiliates.
Pursuant to the articles of association of Alibaba Group, the Alibaba Partnership has the right to nominate a majority of the directors to the board of the company.
Below is a letter that Ma has issued to Alibaba’s customers, employees and shareholders.
