TikTok CEO resigns amid U.S. pressure to sell video app
TikTok CEO Kevin Mayer said on Thursday he has quit the company as tensions soar between Washington and Beijing over the Chinese-owned video platform.TikTok said on Thursday Chief Executive Kevin Mayer has stood down just three months after joining, in the middle of negotiations to sell the Chinese-owned video app’s U.S. operations to Microsoft Corp and Oracle Corp .
Mayer was Walt Disney Co’s top streaming executive before becoming chief executive officer of TikTok and chief operating officer of parent ByteDance on June 1.The Associated Press ByteDance founder and CEO Zhang Yiming said in a separate letter reviewed by Reuters that the company was “moving quickly to find resolutions to the issues that we face globally, particularly in the U.S. and India.”“It is never easy to come into a leadership position in a company moving as quickly as we are, and the circumstances following his arrival made it all the more complex,” Zhang said.
Zhang has been the key person in TikTok sale talks, said two people with knowledge of the matter. But Mayer represented TikTok to discuss with senior executives of interested buyers just days ago, a third person said. “Whether TikTok reaches an agreement to sell its U.S. business or decides to duke it out in the courts, the role for Mayer will not be anything like that he had envisioned when he joined,” said Mark Natkin, managing director of Marbridge Consulting in Beijing.His successor Pappas joined TikTok in January 2019 as U.S. general manager. She was previously global head of Creative Insights at Google’s YouTube, her LinkedIn profile showed.
That month, Mayer wrote to India’s government saying China’s government has never requested user data, nor would TikTok turn it over if asked.
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