This week it became known that Lei Jun, the founder and CEO of Xiaomi, stepped down as chairman of the board of Xiaomi Electronics.
Many misunderstood the information, thinking that Lei Jun was leaving the company completely. Wang Hua, General Manager of Public Relations of Xiaomi, has clarified the news of Lei Jun’s departure from the chairmanship of Xiaomi Electronics.
According to official information, Lei Jun stepped down as the head of only the electronics division and did not completely leave the Chinese technology company. He also added that the founder of Xiaomi is focusing on the car division.
Lei Jun also made additional comments on his Weibo social media page, adding that Xiaomi Group has a large number of subsidiaries. Thus, there are frequent changes in the board of directors of these subsidiaries. Jun said that his departure from the chairmanship of Xiaomi Electronics should not be taken as something radical. Although this division is a significant part of the brand, the Xiaomi Group as a whole is much more than just a consumer electronics division.