Eight months after former Tickcock CEO Kevin Mayer came into the midst of the Trump administration’s full-court press against the Chinese-owned social media giant, Tiktok has a new permanent leader.
ByteDance’s recently hired CFO Shouzi Chew will take on the role of TikTok CEO, playing the role of CFO in its flagship organization, the company announced on Friday morning. It is a bold move, with the company likely to believe its worst relationship with the US executive branch is over as President Biden seems indifferent to take over former President Trump’s pet project.
Vanessa Papas, who was serving as interim CEO, would go on to play the role of COO.
“The leadership team of Shau and Vanessa set the stage for continued growth,” said Yoing Zhang, CEO of ByoDance. “Shou brings a deep knowledge of the company and the industry, leads a team that was one of our earliest investors, and has been working in the technology sector for a decade. He will add depth to the team, focusing on areas including corporate governance and long-term business initiatives. “
Prior to joining ByteDance earlier this year, Xiaomi was an executive at Xiaomi, signing DST and Goldman Sachs earlier in his career.