June 26, 2023 – JD Logistics (02618.HK) introduced that CEO Yu Rui is stepping down from his function as govt director, CEO, and licensed consultant due to private well being causes. The former CEO of JD.com‘s product improvement division, Hu Wei, will take over as the brand new CEO of JD Logistics.
Under Yu Rui’s management, JD Logistics skilled vital progress. The firm’s first-quarter earnings report confirmed a income of RMB 36.73 billion, a rise of 34.3% in contrast to the identical interval final yr. Notably, the income from exterior prospects totaled RMB 25.52 billion, representing a 60% year-over-year progress and accounting for 70% of the full income.
Hu Wei, the incoming CEO, has a protracted historical past with JD.com and its subsidiaries and associates, collectively referred to as the “JD Group.” He joined the group in January 2010 and has held varied positions throughout the group. From December 2017 to March 2019, he served as the General Manager of the group’s North China area. Between May 2015 and November 2017, he was the General Manager of JD Group’s logistics division within the Southwest area. From January 2010 to April 2015, he served as the Director of Human Resources in JD Group’s logistics division.
SEE ALSO: JD.com Changes Leadership, CEO Xu Lei Will Retire for Personal Reasons
Prior to his appointment as the CEO of JD Logistics, Hu Wei served as the CEO of JD.com‘s Intelligent Product Development Co., Ltd. from April 2019 to June 2023. In addition, from February 2022, Hu Wei served as a director of China Logistics Assets Holdings Co., Ltd., and was its Chairman, Executive Director, and CEO from February to July 2022. Furthermore, from February 2021 to June 2023, he served as a non-executive director of ESR Group Limited (inventory code: 1821).
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