Liu Wei returns to Giant Network as CEO and will implement a rotating mechanism for the head of game business

According to the Zhitong Finance APP, on October 28, it was reported that informed sources stated that Giant Network (002558.SZ) will implement a rotating mechanism for the heads of its gaming business. This is a new adjustment in the company's future strategic layout, aiming to provide a larger growth platform for young people on the front lines of the business.

Giant Network confirmed today that the company's CEO and General Manager Zhang Dong has resigned for personal reasons, and company director Liu Wei will take over as CEO and General Manager. Liu Wei had stepped down as CEO of Giant Network two years ago, and his return will focus on cultivating core talent, with the rotating system for heads of the gaming business being an important part of this plan.

The organization’s youthfulness is part of Giant Network's talent strategy. The company's chairman, Shi Yuzhu, has always advocated that gaming is a career for young people, and it is necessary to boldly employ young individuals and provide them with a stage. In recent years, the company has boldly appointed young talents in key positions across various projects, with quality games such as "Ball Battle," "Primitive Journey," and "Supernatural Action Team" all produced by young producers. Notably, this year's popular new product "Supernatural Action Team" was led by a team of post-95s.

Informed sources revealed that the rotating candidates for the heads of the gaming business will be selected from young backbones on the front lines. This move has two purposes: first, to allow young R&D leaders who are close to users and the market to have more opportunities to participate in the company's R&D strategic decision-making while focusing on their original business; second, to elevate their decision-making scope from the track level to the company level, providing a broader growth space and reserving core talent for the company's sustainable development.

"This is a future-oriented layout. As a company with a deep R&D gene, Giant Network's integrated R&D and operations is its advantage. Involving younger individuals who understand the business in major business decisions will help strengthen this advantage. Shi Yuzhu and Liu Wei will participate in leading the team to safeguard the growth of young talents," said the source.

It is understood that the rotating mechanism for business leaders is not the first of its kind in internet and technology companies; previously, giants like Huawei and Alibaba have implemented rotating CEO plans. This mechanism helps companies establish a talent cultivation ladder, reserve senior management talent, and serve the company's long-term development strategy. Giant Network has always adhered to a strategy of independently developing quality products, and the deepening of this youth talent strategy will help the company continue to create blockbuster games and strengthen its competitiveness