Giant Interactive Group (UNKNOWN:UNKNOWN) has quickly replaced its chief executive. One week after announcing the resignation of Yuzhu Su, the company revealed that its board has tapped Wei Liu as its new CEO.
Liu will take up her new position on April 19. She had previously served as the firm's president; she will be replaced in that capacity by Xuefeng Ji, who, at present, is Giant Interactive's senior vice president of research and development.
In the press release announcing the move, Liu provided a strong indication of how the company will proceed under her leadership. She was quoted as saying that, "beginning in 2013, mobile games have become our new strategic focus, and we will build on this new business through internal development and M&As."
Fool contributor Eric Volkman has no position in Giant Interactive Group. The Motley Fool recommends Giant Interactive Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.