China-based company Xiaomi Corp. appointed Wednesday a new Chief Financial Officer (CFO) in the name of Singaporean Shou Zi Chew.
A former partner of Russian investment firm DST Global, the new senior executive has an international background in business.
According to Xiaomi, Shou Zi had joined billionaire investor Yuri Milner's DST Global in 2010, and was involved in the company’s investments in Xiaomi and other Chinese tech companies.
“I am very excited to welcome Shou Zi to Xiaomi,” said Xiaomi founder, chairman and CEO Lei Jun.
One of China’s leading phone brands, Xiaomi already entered a market outside Asia, with a smartphone launch in Brazil on June 30, Tuesday.
“Shou Zi was a successful investor with unique investment insights and financial skills, who recognized Xiaomi’s value early on and helped DST complete its investment in the company,” said Lei Jun in the statement.
DST founder Yuri Milner said that Shou Zi is a great colleague and friend, and his company is grateful for his contributions over the years.
“Xiaomi is a very important startup company that we have been partners with since 2011. We believe that Shou Zi is fully qualified to become the CFO of the company. We wish Shou Zi the very best in his new role and look forward to remaining close partners with him and Xiaomi," said Milner.
The Chinese firm shocked people in 2013 when it hired one of Google Inc.’s top Android executives, Hugo Barra, as its global vice president.
Xiaomi also hired Qualcomm Inc.’s Greater China President Wang Xiang to lead strategic cooperation last month.
Shou Zi graduated from the University College London with a bachelor’s degree in economics in 2006, and received an M.B.A. from Harvard Business School in 2010.
Before working for DST Global, Shou Zi served as Investment Banking TMT for Goldman Sachs Group Inc.