CFO change at iQIYI (NASDAQ: IQ) as Jun Wang exits and Ying Zeng steps in
Rhea-AI Filing Summary
iQIYI, Inc. reported a change in its senior leadership team. Mr. Jun Wang has resigned as Chief Financial Officer, effective immediately, citing personal reasons. He will remain with the company as an advisor through May 31, 2026 to support a smooth handover. At the same time, Ms. Ying Zeng, currently Senior Vice President of Finance, has been appointed as Interim Chief Financial Officer. She has been with iQIYI since 2017 and previously worked in finance roles at Baidu and eLong, with accounting degrees from Wuhan University of Technology and Peking University. The company plans to conduct an executive search for a permanent CFO while emphasizing Ms. Zeng’s deep familiarity with iQIYI’s business and prior involvement in its IPO and financing activities.
Positive
- None.
Negative
- Chief Financial Officer resignation: Jun Wang’s immediate departure from the CFO role, even with an advisory transition period, represents a significant change in financial leadership that may raise governance and continuity concerns.
Insights
iQIYI’s CFO resigns; trusted internal finance leader steps in as interim.
The company announced that Jun Wang resigned as Chief Financial Officer, effective immediately, for personal reasons. He is credited with strengthening the company’s capital structure and financial foundation, which underscores his prior importance to iQIYI’s strategy. To ease the shift, he will continue as an advisor through
Ying Zeng, currently Senior Vice President of Finance, has been appointed Interim CFO. Her background includes leading roles in iQIYI’s IPO and financing initiatives and senior finance positions at Baidu and eLong. This internal appointment suggests familiarity with existing financial processes and the management team, which can help reduce operational disruption.
The company plans a formal executive search for a permanent CFO, so the duration of the interim period is not specified in the excerpt. From an investor perspective, the departure of a key financial executive is a noteworthy governance event, while the advisory role for Mr. Wang and the promotion of an experienced internal finance leader may help support stability as the search progresses.