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JD’s boardroom shuffle ignites talk of founder’s return

The executive who replaced JD.com founder Richard Liu as CEO only a year ago is unexpectedly stepping down, handing the reins to the firm’s CFO. The management shake-up at the e-commerce titan has sparked speculation that Liu could return to center stage.

This article only represents the author's own views.

It’s all change again in the boardroom at Chinese e-commerce giant JD.com Inc. (JD.US; 9618.HK), barely a year after founder Richard Liu stepped down from the top job.

Liu’s successor, Xu Lei, has resigned as CEO and is moving to a non-executive position on the advisory board, the online retailer announced last week, citing what were described as “personal reasons” for the decision. The vacated CEO post is to be filled by the current CFO, Sandy Xu, who becomes its third occupant in just over a year.

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