TikTok appoints Singaporean as new CEO

TikTok has appointed Singaporean Chew Shou Zi as its new CEO in a “strategic reorganisation” that sees its high executives primarily based out of its varied international places of work, together with Singapore and the US. The Chinese language video platform additionally proclaims Vanessa Pappas as its new COO. 

Based mostly out of Los Angeles, Pappas had served as the corporate’s interim head, mentioned TikTok in a press release. The corporate’s former CEO Kevin Mayar left final August, simply three months after taking over the place, citing a “sharply modified” political surroundings. TikTok that month had launched a lawsuit in opposition to the US authorities, then underneath the Trump administration, close to the video app’s ban. 

The appointments of Chew and Pappas had been a part of a strategic reorganisation to “optimise TikTok’s international groups” in addition to help its development, the corporate mentioned. Its international places of work additionally embody Jakarta, Seoul, Tokyo, and London. 

Chew in March was appointed CFO of TikTok’s mother or father firm ByteDance–a place which he’ll proceed to carry from Singapore, the place he at present relies. 

ByteDance’s founder and CEO Zhang Yiming mentioned the 2 TikTok senior executives would set “the stage for sustained development”, with Chew having led a crew that was amongst its earliest buyers and decade-long veteran within the expertise trade. “He’ll add depth to the crew, specializing in areas together with company governance and long-term enterprise initiatives,” Zhang mentioned. 

Chew was most not too long ago president of worldwide at Chinese language smartphone maker Xiaomi, the place he additionally held the CFO place up till April 2020. Pappas, previous to becoming a member of ByteDance in November 2018, had spent greater than seven years at YouTube the place she was head of artistic insights.

TikTok’s US operations had been poised to be offered to Oracle and Walmart, however the sale was “shelved indefinitely” following a assessment by the Biden administration to evaluate safety dangers of foreign-owned apps and software program. The sale had been prompted by former president Trump’s government orders banning the downloads of Chinese language-owned social media apps WeChat and TikTok, alleging they posed threats to his nation’s nationwide safety, overseas coverage, and economic system because of the knowledge they collected.