JD.com says CEO Xu Lei plans to step down in June 2023 “due to personal reasons”, after taking the role in April 2022; CFO Sandy Ran Xu will take over as CEO (Arjun Kharpal/CNBC) 11-05-2023

Arjun Kharpal / CNBC:
JD.com says CEO Xu Lei plans to step down in June 2023 “due to personal reasons”, after taking the role in April 2022; CFO Sandy Ran Xu will take over as CEO — – JD.com shares rose in pre-market trade in the U.S. on Thursday after it said it swung to profit in the first quarter and announced a management shakeup.