Michael Evans has been named the President of China's Alibaba Group, effective immediately. The company is a major force in online commerce. He will continue his service as a management member of the Alibaba Group Board, having previously served as an independent director since the company’s initial public offering in September 2014. An Alibaba release said,
“Michael has been a close advisor to Alibaba Group for many years, and we greatly value his deep knowledge of our business, his experience as a proven business builder and leader globally, and his more than 20 years of experience in China,” said Alibaba Group CEO Daniel Zhang.
“Globalization is Alibaba Group’s most important strategy for the coming decades, and our goal is to help 10 million global businesses and serve 2 billion consumers around the world. We have been laying the foundation for many years and now we need a global team in place with best-in-class talent to bring our vision to fruition. To that end, I can think of no one better than Michael to help Alibaba become a truly global company.”
Prior to joining Alibaba, Evans spent 30 years in global finance, including the last 20 years as a Partner of Goldman Sachs, where he served as Vice Chairman, head of Global Growth Markets, and Chairman of Asia, in addition to leadership positions in the Securities and Investment Banking Divisions before leaving the firm in 2014. Evans is a member of the Board of Directors of Barrick Gold Corporation, Castleton Commodities International LLC and several not-for-profit organizations. Evans won an Olympic gold medal for his home country Canada as a member of the men’s eights rowing team in the Los Angeles 1984 Summer Olympics.
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