In recent people moves in Asian startups, Jack Cheng co-founder of electric vehicle maker Nio left his position as executive vice president, while Pomelo has recruited former Lazada CMO.
Nio co-founder Jack Cheng leaves his role as EVP
Jack Cheng has left his position as the executive vice president at Chinese electric vehicle maker Nio, he announced in his Linkedin post.
Cheng, who is also the co-founder of Nio, will take a position as chairman at XPT Global, a unit of Nio that develops engines, electric control system, and develops batteries. He previously served as the chief executive at XPT Global.
Cheng, who was involved in developing Nio for the past four years, will remain an advisor to support the company’s supply chain and partnerships.
”I won’t be going far as I’ll continue to stay close to the business and work with William Li –the co-founder of Nio – and the other amazing leaders. I’m pleased to say Alan Zeng will immediately take the position of CEO at XPT Global and will be responsible for the overall operations at XPT,” he said in a post.
During his tenure, Nio was publicly-listed on the New York Stock Exchange, raising $1 billion last September.
Technode reported that Cheng left the position amid the decline in sales, rapid downsizing, and huge recalls.
Cheng has more than 40 years of experience in automotive companies. He has held leadership positions in Ford Motor Company in China for 19 years.
Later, he has also served as a chairman at Magneti Marelli and Fiat Fiat Auto Finance Company before co-founding Nio.
Pomelo Appoints Former Lazada CMO
Jungle Ventures-backed omnichannel fashion company Pomelo has appointed former Lazada CMO Jean Thomas as its latest strategic hire, according to a statement.
In this new role, he will lead Pomelo’s marketing teams in growing the brand across the region.
Thomas, who is armed with a background in eCommerce, was most recently CMO at Alibaba-backed Lazada Group where he headed marketing initiatives across Lazada, RedMart and LiveUp.
Pomelo continues to invest in its core talent. In the final quarter of 2018, it added Jim Boland, former CFO of RedMart, as well as Cathriona Nolan and Vorada Hiransomboon, previously of Burberry and Inditex respectively, to the team.
DealStreetAsia recently reported that Pomelo was targeting to close a $50-million Series C round by the third quarter of this year.
The Bangkok-based startup last raised $19 million in a Series B round in November 2017 led by Chinese e-commerce firm JD.com and Provident Capital. The round was also joined by Thai retail conglomerate Central Group, Start Today Ventures and Lombard Investments.