Summary by Futu AI
Baidu announced significant management changes on October 8, 2024. Rong Luo has been appointed as Executive Vice President in charge of the Mobile Ecosystem Group (MEG), stepping down from his position as Chief Financial Officer. Simultaneously, Junjie He, previously Senior Vice President and Head of MEG, has been appointed as the Interim Chief Financial Officer.The management rotation reflects Baidu's strategy to enhance executive leadership development and optimize organizational structure. CEO Robin Li expressed confidence in Luo's new leadership role and acknowledged his contributions as CFO, while welcoming He's extensive experience in management, investment, and finance to drive strategic initiatives.Junjie He, who joined Baidu in June 2019, has been serving as Senior Vice President since May 2022. His previous responsibilities included overseeing M&A, Strategic Investment Management, Sales Operation and Management, and Financial Planning & Analysis departments. He holds a bachelor's degree from Peking University's Guanghua School of Management.