Alibaba Group, China's largest e-commerce company, has appointed Maggie Wu Chief Financial Officer from May 10.
Wu has been working as the company's deputy CFO since October 2011. Wu joined Alibaba in 2007 as the CFO of an Alibaba unit, Alibaba.com. Before Alibaba, Wu was an audit partner with KPMGin Beijing.
Joe Tsai, Alibaba's current CFO, will become an executive vice chairman in charge of overseeing Alibaba's strategic investments and maintaining relationships with key stakeholders.
In her new role, Wu will be responsible for overseeing corporate finance and audit in addition to her current duties. She will be supported, among others, by senior vice president Michael Yao, the former Rothschild co-head of Hong Kong, in managing the company’s banking and capital markets activities, as well as vice president Samuel Yen, a veteran of Alibaba Group who manages the company’s financial reporting and analysis.
Wu’s senior leadership team in operations finance include vice presidents Jessie Zheng, a former audit partner at KPMG who joined the company two years ago, and Angel Zhao, who in the past eight years managed various finance operations.