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Tik Tok appoints Shouzi Chew as CEO

Chew was named CFO of TikTok parent company ByteDance in March.

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New Delhi: Chinese short-video sharing platform TikTok has tapped Shouzi Chew as the company’s new chief executive officer.

TikTok’s interim head Vanessa Pappas, based in Los Angeles, will be the new chief operating officer.

Chew is based in Singapore and was named chief financial officer of TikTok parent company ByteDance in March this year, and will continue in that role, the company said.

The decision was taken after TikTok CEO Kevin Mayer quit the company in August 2020 amid India's decision to ban the app.

Chew has served as Xiaomi's chief financial officer from 2015 to 2020, and ran its international business for a year, and took the company in one of the largest ever Chinese tech listings on the Hong Kong Stock Exchange.

"The leadership team of Shou and Vanessa sets the stage for sustained growth," said ByteDance CEO Yiming Zhang. "Shou brings deep knowledge of the industry, having led a team that was among our earliest investors and having worked in the technology sector for a decade."

TikTok became the most downloaded non-gaming app worldwide, with more than 58 million installs in March. Over 11 per cent of these installs were from China followed by the US at 10 per cent. The second most popular app was Facebook, with more than 56 million installs in March, according to data shared by app analytics firm Sensor Tower.

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