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Zhang Yiming, Co-Founder of TikTok Parent Company ByteDance, Steps Down as CEO

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thewrap.com
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published online, Zhang said his decision stems in part from the fact that “I lack some of the skills that make an ideal manager.

I’m more interested in analyzing organizational and market principles, and leveraging these theories to further reduce management work, rather than actually managing people.

Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible.”Zhang said that Liang Rubo, a co-founder of ByteDance and current head of the company’s human resources division, will take over as CEO.Zhang also serves as ByteDance chairman, but did not address in his letter whether he will remain in that role.

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