Who is Lazada's new CEO, Lucy Peng?

Following Alibaba’s $2bn cash injection into Southeast Asia’s leading e-commerce company, Lazada, the company announced that chairman Lucy Peng would assume the role of CEO.

What does the new CEO bring to the table? Peng was among the 18 founders of Alibaba, which was set up in 1999 by Jack Ma. She is also one of six females among the group of founders. Alibaba is currently taking steps to replace Lazada employees with people from its own leadership team, and Peng’s appointment is an example of this.

See also:

Pomelo promises to “make fashion fun again” with new retail

Former Lazada Managing Director’s fashion venture raises largest ever Thai funding round

Lazada Indonesia to implement e-payment system

Peng has a wealth of experience with new retail, having also been the executive chair of Ant Financial, a position she retains today. She was also CEO of Ant Financial’s e-payment service, Alipay.

Peng has also served as chief people officer at Alibaba Group, according to Forbes.

She holds 370th place on Forbes’ China Rich List and is also among 2000 global billionaires. Her current worth stands at about $1.1bn, as of March 2018.

Lazada is located in Singapore but has bases across Southeast Asia. It employs over 5000 people.

Peng replaces former CEO Max Bittner. Bittner was CEO for a total of six years, having served as CEO of Rocket Internet (the founders of Lazada) for a year. He will now remain as an advisor to Alibaba.  



Featured Articles

How India is bucking the global dealmaking downturn

M&A deal volume and value reach record highs in India in 2022, despite slower dealmaking globally – as scope activity and acquisitions in renewables surge

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

Leadership & Strategy

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress