LeEco's Jia resigns as Leshi chairman, takes up car unit post

Reuters News
Posted: Jul 06, 2017 7:45 AM

HONG KONG (Reuters) - LeEco founder Jia Yueting has resigned as chairman of its main listed unit, Leshi Internet Information & Technology Corp, and will take up the chairman role at LeEco's car unit, the company said.

Jia no longer holds any post at Leshi, the Shenzhen-listed company said in a filing after market close on Thursday. Jia remains its controlling shareholder, it said.

Jia will take up the role of chairman of LeEco's car business, LeEco announced via the official WeChat account of its electric car brand LeSEE.

Jia's role changes come after he issued a public statement where he pledged to take responsibility for LeEco's financial troubles and stressed his commitment to its car business.

University Corruption
Walter E. Williams

He resigned from the role of CEO at Leshi last month.

(Reporting by Sijia Jiang; editing by Jason Neely)