- Significant signs for push-out forces
- After almost four years on the job
- Laud, praise and thanks for Liang
- Jane Sun takes over
- Liang will remain as Executive Chairman at Ctrip
(management-change.com) — Shanghai, China, November 16, 2016 — James Liang, chief executive of Ctrip, leaves the position. It is an abrupt change. As announced by Ctrip.com International, Ltd. in a news release on Wednesday, November 16, 2016, Jianzhang (James) Liang leaves the post as Chief Executive Officer at the provider of travel services in a surprising move after almost four years on the job, effective immediately.
Liang’s duties are taken over by Jane Sun, most recently Co-President at Ctrip.com International, Ltd.
No reason given
In the announcement, Ctrip did not explicitly explain the obviously compelling reason for Liang’s sudden move, opening the door for speculation.
Generally speaking, it is often a wake-up call for shareholders when a CEO leaves the post abruptly and without a reasonable explanation.
Liang will remain as Executive Chairman at Ctrip
James Jianzhang Liang, Ctrip’s Chairman and former Chief Executive Officer, will serve as Executive Chairman of the board with specific focus on Ctrip’s strategies and initiatives relating to innovations, international expansion, information technology, and investments and strategic alliances.
Baillie Gifford holds 9.69 percent stake
Baillie Gifford and Company reported a 9.69 percent stake in Ctrip.com International, Ltd. as of September 30, 2016. Baillie Gifford is an independent investment manager.
On the job as CEO since 2013
James Jianzhang Liang is one of the co-founders of Ctrip.
Liang served as Chief Executive Officer from 2000 to January 2006 and resumed the role of Chief Executive Officer since March 2013.
He has also served as a member of the board of directors since the inception and has been the chairman of the board since August 2003.
Prior to founding the company, Liang held a number of technical and managerial positions with Oracle Corporation from 1991 to 1999 in the United States and China, including the head of the ERP consulting division of Oracle China from 1997 to 1999.
Liang currently serves on the boards of Homeinns Group (NASDAQ: HMIN), Tuniu (NASDAQ: TOUR) and eHi (NASDAQ: EHIC).
Liang received his Ph.D. degree from Stanford University and his Master’s and Bachelor’s degrees from Georgia Institute of Technology.
He also attended an undergraduate program at Fudan University.
Significant signs for push-out forces
It is not completely certain what forces eventually triggered James Liang’s move.
The Push-out Score™ determined by management-change.com suggests significant signs for push-out forces that may have contributed to the management change.
Read the full story in the management-change.com report 43.2016 ($).