Alibaba names Maggie Wu new group CFO

The former finance chief of Hong Kong-listed Alibaba.com will replace Joe Tsai as group CFO, while Tsai takes on a new role as executive vice-chairman.
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Maggie Wu, Alibaba’s next CFO </div>
<div style="text-align: left;"> Maggie Wu, Alibaba’s next CFO </div>

One month after Alibaba appointed a new CEO, it announced yesterday that it will replace its chief financial officer at the same time as well. Investors needn’t worry about the continuity at the top though the new finance chief has been groomed for the job for a long time and the existing CFO is moving up in the organisation rather than stepping down.

In a report posted on Alizila, a website dedicated to news and commentary about the Alibaba Group, the company said that Maggie Wu will become its new CFO from May 10, taking over from Joe Tsai who will assume a new role as executive vice-chairman.

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