KANZHUN LIMITED Announces Board Changes
Rhea-AI Summary
Kanzhun Limited (Nasdaq: BZ) announced board and finance leadership changes effective December 11, 2025. Phil Yu Zhang resigned as an executive Director and Chief Financial Officer and was appointed Chief Strategy Officer the same day. Wenbei Wang was appointed Deputy Chief Financial Officer; she joined the company in January 2021, has over 10 years finance experience, and previously worked at UBS. The company also appointed Yang Mu as an executive Director; she has overseen human resources since May 2016 and holds degrees from Peking University and City University of Hong Kong.
The company said these moves support succession and promote younger talent into key management roles while keeping the founder Peng Zhao as Chairman and CEO.
Positive
- Phil Yu Zhang appointed Chief Strategy Officer effective Dec 11, 2025
- Wenbei Wang promoted to Deputy Chief Financial Officer with 10+ years finance experience
- Yang Mu appointed executive Director; HR lead since May 2016
Negative
- Phil Yu Zhang resigned as Chief Financial Officer and executive Director effective Dec 11, 2025
- Company replaces its principal finance executive role with a deputy CFO appointment (internal succession)
Key Figures
Market Reality Check
Peers on Argus
BZ was down 1.55% while key peers like SNAP, BILI, Z, and ZG were up between 1.15% and 1.44%, and NBIS declined 2.24%, pointing to stock-specific factors rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 18 | Q3 2025 earnings | Positive | +1.3% | Strong Q3 growth, profitability gains, and extended US$250M repurchase. |
| Nov 06 | Earnings date notice | Neutral | +0.6% | Announcement of Q3 2025 results date and conference call details. |
| Aug 20 | Dividend initiation | Positive | +4.8% | Adoption of annual dividend policy and ~US$80M cash dividend. |
| Aug 20 | Buyback expansion | Positive | +4.8% | Upsizing share repurchase from US$150M to US$250M and extension. |
| Aug 20 | Board, leadership changes | Positive | +4.8% | President role created and multiple board and committee changes. |
Recent news catalysts, especially earnings and capital return actions, have generally coincided with positive price reactions, suggesting the stock has tended to align with fundamentally supportive announcements.
Over the past six months, Kanzhun has highlighted strong fundamentals and shareholder-return initiatives. On Nov 18, 2025, Q3 2025 results showed revenue of RMB2,163.3M (US$303.9M) with notable profit growth and extended a share repurchase program up to US$250M. On Aug 20, 2025, the company adopted an annual dividend policy and declared about US$80M in cash dividends, while also upsizing its buyback program. Separate board and leadership changes on the same date were accompanied by a positive price reaction, providing context for today’s new board adjustments.
Market Pulse Summary
This announcement centers on leadership reconfiguration, with the CFO transitioning to Chief Strategy Officer, a Deputy CFO appointed from the existing investor relations team, and a long-serving HR executive joining the board. In the past six months, Kanzhun has paired governance updates with strong fundamentals, including Q3 2025 revenue of RMB2,163.3M and an expanded US$250M repurchase plus an inaugural US$80M dividend. Investors may watch future disclosures for how these personnel changes influence strategy execution and capital allocation consistency.
AI-generated analysis. Not financial advice.
BEIJING, Dec. 11, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that Mr. Phil Yu Zhang has resigned as an executive Director and Chief Financial Officer of the Company, each with effect from December 11, 2025 and has been appointed as the Chief Strategy Officer by the Company.
Concurrently, our Vice President, Ms. Wenbei Wang has been appointed as the Company's Deputy Chief Financial Officer. Ms. Wang joined us in January 2021 and is responsible for investor relations. She has over 10 years of experience in the finance industry. Prior to joining us, Ms. Wang worked at the investment banking department of UBS from April 2012 to January 2021. Ms. Wang received her bachelor’s degree in engineering from Tsinghua University and her master’s degree in finance from Clark University.
Mr. Peng Zhao, Founder, Chairman and Chief Executive Officer of Kanzhun Limited, commented, “We extend our gratitude to Phil for his professional guidance and visionary perspective during his tenure as executive Director and Chief Financial Officer, which have significantly contributed to the Company's development. The Company holds unwavering confidence that Phil will continue to deliver substantial value in his role as Chief Strategy Officer, further driving the Company’s progress. We also believe that Ms. Wang will effectively perform her duties. The Company remains steadfast in its commitment to promoting more young talents into key management positions.”
In addition, the Company is pleased to announce that with effect from December 11, 2025, Ms. Yang Mu has been appointed as an executive Director of the Company (the “executive Director”).
Ms. Yang Mu, aged 46, is currently our Vice President of Human Resources. She has been responsible for overseeing the human resources functions of the Company since May 2016. Prior to joining us, Ms. Mu accumulated nearly a decade of management experience in human resources-related roles. She holds a bachelor’s degree from Peking University and a master’s degree from City University of Hong Kong.
The Company is pleased to welcome Ms. Yang Mu to the Board and believes that Ms. Mu will continue to bring value to the Company.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About KANZHUN LIMITED
KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.
For more information, please visit https://ir.zhipin.com.
For investor and media inquiries, please contact:
KANZHUN LIMITED
Investor Relations
Email: ir@kanzhun.com
FAQ
What board changes did Kanzhun (BZ) announce on December 11, 2025?
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