$JD.com, Inc.-SW(09618.HK)$ announced that Lei Xu, president of JD.com, has been appointed as the CEO of the Company to succeed Richard Liu. Xu will also join the Company's board of directors as an executive director. All these appointments are effective immediately.
Richard Liu will remain as the chairman of the Board and continue to focus on guiding the Company's long-term strategies, mentoring younger management, and contributing to the revitalization of rural areas, the announcement added.
