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Jack Ma to remain Alibaba executive chairman, reveal succession plan next week - SCMP citing spokesman

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By Reuters
Jack Ma to remain Alibaba executive chairman, reveal succession plan next week - SCMP citing spokesman
FILE PHOTO: Alibaba Group Executive Chairman Jack Ma gestures as he attends the 11th World Trade Organization's ministerial conference in Buenos Aires, Argentina December 11, 2017. REUTERS/Marcos Brindicci/File Photo   -   Copyright  Marcos Brindicci(Reuters)

BEIJING (Reuters) – Alibaba Group Holding Ltd’s co-founder Jack Ma will remain as executive chairman, and will unveil a succession strategy on Monday on his 54th birthday, South China Morning Post reported on Saturday, citing a company spokesman.

Ma will provide transition plans over a significant period of time, the spokesman was quoted as saying, adding that the succession strategy is part of a management plan 10 years in the making.

The New York Times reported on Friday that Ma will retire from the e-commerce company on Monday.

(Reporting by Ryan Woo; Editing by Alexander Smith)