KANZHUN LIMITED Announces Board Changes
Kanzhun Limited (Nasdaq: BZ) announced board and finance leadership changes effective December 11, 2025.
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)
Details
News Market Reaction – BZ
In the Dec 11 session, BZ declined 3.34%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Q3 2025 revenue
- RMB2,163.3M (US$303.9M)
- Quarter ended Sep 30, 2025; +13.2% YoY
- Paid enterprise customers
- 6.8M
- Q3 2025; +13.3% YoY
- Average MAUs
- 63.8M
- Q3 2025; +10.0% YoY
- Income from operations
- RMB687.1M
- Q3 2025; +108.1% YoY
- Net income
- RMB775.4M
- Q3 2025; +67.2% YoY
- Share repurchase authorization
- US$250M
- Program extended through Aug 28, 2026
- Cash dividend per ADS
- US$0.168
- First cash dividend announced Aug 20, 2025
- Total dividend amount
- US$80M
- Cash dividend paid from surplus cash
Historical Context
-
Strong Q3 growth, profitability gains, and extended US$250M repurchase.
-
Announcement of Q3 2025 results date and conference call details.
-
Adoption of annual dividend policy and ~US$80M cash dividend.
-
Upsizing share repurchase from US$150M to US$250M and extension.
-
President role created and multiple board and committee changes.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.