Southeast Asian ecommerce company Lazada has replaced chief executive Lucy Peng - a member of backer Alibaba’s top brass - as part of its succession planning.
Pierre Poignant will take over from Ms Peng with immediate effect, Lazada said in a statement on Thursday. He was appointed group executive president in August and will lead Lazada’s “strategic development into new growth pillars” as chief executive.
Ms Peng, one of Alibaba’s 18 founders and a member of its elite committee responsible for board appointments, took on the chief executive role at Lazada in March.
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