Huobi's third person, Li Shufei, suddenly resigned. He was the CEO of OKEx and was called the Wu Yanzu of the currency circle.

Huobi Group has recently seen many changes in its senior management, with new CTOs, CIOs, and financial directors joining the company. CFO Li Shufei and listed company secretary Wu Wenqian announced their resignations. Wu said blockchain had heard about this rumor a week ago. This happened quite suddenly, and Huobi Group's official website has not yet removed the relevant information about Li Shufei. Li Shufei was the CEO of OKEx and joined Huobi in May 2018.

(Huobi official website at midnight on the 11th)

Huobi announced on the evening of the 10th that Li Shufei has resigned as the company's executive director, joint company secretary and chief financial officer due to his intention to develop his new business, and will no longer serve as the company's authorized representative and member of the nomination and corporate governance committee; Wu Wenqian has resigned as the company's joint company secretary due to personal work arrangements, effective from August 10, 2020. Wu Wenqian and Li Shufei both came from OK, and Wu Wenqian originally served as an internal legal counsel in OK's subsidiary companies.

On the same day, Zhang Zhenzhen was appointed as the Group Financial Director and Wu Junhe was appointed as the Company Secretary. In addition, Lan Jianzhong will replace Li Shufei as a member of the Nomination and Corporate Governance Committee, and Liu Xi will replace Li Shufei and serve as an authorized representative together with Lan Jianzhong. Lan Jianzhong will be appointed as the agent for accepting service of legal process documents in Hong Kong to replace Li Shufei.

Huobi Group’s announcement gave a high evaluation of Li Shufei: he has always performed his duties conscientiously during his tenure and made great contributions to the company.

As a listed company, the position of CFO is extremely important. Since the new CFO was not disclosed at the same time, it shows that Li Shufei's resignation was indeed quite sudden. The announcement of Huobi Technology on August 5 was also submitted by Li Shufei. Lan Jianzhong is currently the vice president of Huobi Contracts and is also Li Lin's college classmate. He will temporarily take over some of the responsibilities of the listed company's CFO.

In the structure diagram of Huobi's official website, Li Shufei was once the CFO, ranking second only to veteran Zhu Jiawei.

Zhu Ye is the latest executive to join, and the chief investment officer has recently joined. Group financial director Zhang Zhenzhen is also a new financial director. She worked for an international accounting firm from 2012 to 2020. However, given her relatively young qualifications, she may not be a candidate for CFO.

Li Shufei's joining Huobi has become a public case in the industry. On May 14, 2018, OKEx CEO Li Shufei announced in his WeChat Moments that he would officially resign from a series of positions including CEO of OKEx and CFO of OKCoin. On May 21, Huobi Group officially announced that former OKEx CEO Li Shufei has officially joined Huobi Group as Secretary of the Board and Vice President of International Business Development, responsible for the daily work of the group's board of directors, group financing and mergers and acquisitions, international business development and team building.

OK founder Xu Mingxing responded to the "job-hopping" incident in a WeChat Moments post, and made a strong statement: "The specific matters will be handled by legal professionals." Li Shufei once said that he only wanted to be CEO and did not want to be CFO, which was the reason for his departure, implying that his power was not fully authorized. But somewhat contradictory, after coming to Huobi, he still served as CFO, which seemed to foreshadow his later departure.

Huobi has experienced frequent changes in its professional managers in recent years, which highlights that Li Lin has a strong control over the company. It was once reported that Li Lin was ill and had to take a rest. After his return, he had a strong management and control over the company as a whole, especially in terms of human resources management. Some employees became Li Lin's personal consultants or assistants, and were promoted or given more responsibilities after the probation period. However, most of Huobi's outgoing executives chose to start their own businesses and were able to obtain investment from Huobi or Li Lin, so there were fewer cases of mutual attacks.

refer to

1: Huobi Group adds another chief investment officer. Who is he? China Merchants Bank invested in Nervos and once took the blame at UBS

2: Exclusive: Former Alibaba executive Zhu Ye becomes Huobi’s new CTO, all Huobi executives revealed for the first time

(Li Lin issued a letter to all employees when Li Shufei joined Huobi)