sinovels Chapter 261 Future Group, Ceo Candidates For Each Subsidiary
Chapter 261 Future Group, Ceo Candidates For Each Subsidiary
The joint venture between Blue Star Electronics and Corning to build a factory has captured the attention of major domestic media in the past few days.
Sioux City also took advantage of this incident to officially launch the slogan "Technology City" and call on high-tech companies to settle in Sioux City.
There was a lot of discussion on the Internet.
However, this matter has caused quite a discussion in the industry.
Because they completely fail to understand the intention of Blue Star Electronics and Corning to establish a joint venture to produce glass.
Corning found out what kind of company it was by asking around a bit.
A company specializing in the production of glass and optical fibers.
But this is completely incompatible with the mobile phone industry.
Corning doesn’t make glass phone screens!
And what about Blue Star Electronics?
Through a series of external actions, everyone knew that this was a mobile phone.
But when it comes to mobile phone displays, shouldn’t we cooperate with companies such as Sanxing, Sharp, LG, and JDL?
Even for the display cover, we should cooperate with Lansi Technology and Born Optics, right?
Everyone in the industry couldn't understand the significance of Blue Star Electronics' approach to cooperating with Corning and building a joint venture.
Lu Yi has neither time nor interest to pay attention to outside discussions.
The joint venture with Corning to build a factory has been finalized, and the specific details are left to Liu Hong and others to handle.
Lu Yi himself has returned to his previous working state.
I spent most of my time in the major laboratories of Blue Star Electronics, and discussed with Lin Qingya the ‘future technology partnership system’, the ‘all-employee stock ownership plan’ and the new ‘employee promotion system’ and other issues.
After the confirmation, Lu Yi held a board meeting on January 19 and submitted his plans for the spin-off and reorganization of Future Technology and other related matters.
The result was naturally passed without any suspense.
No one objected and it was passed unanimously.
Investors are naturally very supportive of this decision.
At this stage, the future technology market is too big, and there is also some confusion in internal management.
At this time, it is beneficial and harmless to separate and reorganize various projects.
at the same time.
Starting from January 17, overseas employees began to come to Sioux City.
Because January 20th is the company’s annual meeting.
This year's annual meeting far exceeds last year's in terms of personnel and scale.
In the blink of an eye, three days passed.
January 20th.
Employees of Future Technology at home and abroad, as well as employees of Blue Star Electronics, gathered together.
The size of the annual meeting is over 6,000 people. At a glance, the entire stadium is packed with people.
Netizens who watched the live broadcast were also shocked by the scale.
Fortunately, the annual meeting was quite successful.
On the day after the annual meeting, Lu Yi convened a large-scale executive meeting with all executives at the director level and above at home and abroad.
To this.
These executives are also prepared.
Because some time ago, the head of human resources at the headquarters began to investigate the relevant information of all the company's overseas executives.
This made them smell something unusual and knew that there should be a major personnel change at the headquarters.
Combined with Lu Yi’s mention from time to time of the possibility of spinning off a certain project section to establish a subsidiary, “At this moment, they all sitting in the conference room were feeling a little excited and excited.
The status of the leader of a project is completely different from that of the leader of a branch.
In the conference room.
Lu Yi looked around at the company executives present and said, "I won't say any more nonsense. The most important thing about this meeting is the separation and reorganization of the company's various project sectors.
"You must have heard about this matter some time ago. The focus of today's meeting is to discuss this."
Hearing Lu Yi's words, the eyes of the executives present were filled with excitement.
Especially those in charge of the company's projects clenched their fists tightly.
Because this means that he will be promoted from the person in charge of the project to the head of the subsidiary.
"The spin-off and reorganization plan has been unanimously approved by the board of directors."
"Currently, for the management, the focus is on the next personnel changes."
"This personnel change is different from the previous ones. This time it will be big. I think everyone here should be very excited now.
"Because many of you will change from project leaders to top leaders and presidents of branches!"
Lu Yi's words resounded throughout the audience, making many executives feel excited.
"The decision to spin off and reorganize is an unprecedented change within the company. Multiple business segments will be separated from the company and become an independently operated subsidiary."
"Of course, although it is an independent operation, the financial statements need to be consolidated with the parent company."
Naturally, everyone present had no objection to this point.
Because that's how it should be.
If the financial statements are not merged with the parent company, wouldn't the parent company become an empty shell?
and.
Investors will not agree to this either.
Because if the project section is divested, and even the finance is separated, investors will think that Louis is stripping off Future Technology's assets and burning bridges across the river.
Why can future technologies become Internet giants?
It is because this giant ship is supported by various projects.
Like the school network (face.
The first thing investors invested in was the Xiaonei network.
Now that Future Technology has spun off the school network (face) and operates it independently, wouldn’t it mean that the money they invested was wasted!
Although they initially invested in Xiaonei.com (face), the company is future technology!
Their subsequent investments are also in future technologies.
If future technology becomes an empty shell, what is the investment value?
The money they invested in the early stage was completely wasted!
The prerequisite for investors to agree to Lu Yi's spin-off and reorganization is that the financial statements of each spin-off subsidiary must be merged with the parent company!
"Now let me talk about the specific execution plan."
“After the board of directors decided to spin off Future Technology to establish the parent company Future Group.
"Split off the company's current ten major business sectors and establish 16 independently operated subsidiaries."
Every executive present was listening carefully, for fear of missing any word.
"Future Technology currently has Xiaonei.com (face, Jisou Search, Fmail), WeChat, VideoSpace, MusicSpace, Reddit, Weibo (Twitter), games, and online literature. The top ten boards within..."
Next, Lu Yi began to announce the personnel changes decided by the board of directors one by one.
The main focus is on the issue of the first CEO of each major 030 subsidiary.
Xiaonei.com, Lu Tongxuan serves as CEO.
Face Jim Stokes serves as CEO.
Jisou Search, Han Feng serves as CEO.
On-campus email (Fmail), Yu Hanwei serves as CEO.
WeChat, Zhang Xiaolong serves as CEO.
WeChat, James Dodd serves as CEO.
Video Space, Li Ming serves as CEO.
VideoSpace, Zad Hurley serves as CEO.
Music Space, Li Hai serves as CEO.
MusicSpace, Chen Shijun serves as CEO.
Reddit, with Bill Siver as CEO.
Weibo, and served as CEO.
Twitter, with Jack Dorsey as CEO.
In addition to the spin-off of the above major business segments and the establishment of wholly-owned and independently operated subsidiaries.
There have been no changes in the personnel of the two companies Future Technology previously acquired: Fantasy Literature Society and Baoxue.
Blast Snow’s CEO is still Mike Mowaimi.
The game department of Future Technology was also spun off this time, and MiHoYo was established with Qu Chengfangli as CEO.
The CEO of the Fantasy Literature Society is Wu Wenhui.
As for projects such as Tieba, Zhiba, and Future Input Method, they have not been separated separately.
Because Tieba and I know that these two sections are all based on Jisou Search, I directly merged these two sections into Jisou Search.
The candidates who serve as CEOs of each subsidiary were originally the person in charge of the business in that sector.
This personnel change is basically a matter of course. .