Huazhu Founder Steps Down as CEO a Third Time

Key Takeaways:1、Huazhu founder Ji Qi is stepping down as the company’s CEO for the third time, following its latest period of adjustment2、Observers believe that despite relinquishing the CEO title, Ji will continue to call the shots from behind the scenes in his remaining role as chairmanBy M.C. HoWith its Covid-19 outbreak under control, China’s hotel industry has largely recovered on a steady track. Against a backdrop of strong second quarter results reflecting its own comeback, Huazhu Group Ltd. (HTHT.US, 1079.HK), China’s first multi-brand hotel operator, has announced that founder Ji Qi will step down from his role as CEO for the third time next month.Company veteran Jin Hui, who joined Huazhu in 2005, will take over the post, taking charge of day-to-day management and operations with president Liu Xinxin, according to the announcement issued last week.Despite wo ………………………………