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.
<div style="text-align: left;">
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.

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