Recruiting in China

Sina Technology News on July 26 morning news, human resources service providers Zhaopin (????) staged in one day twice removed. And after this dramatic is the removal of an internal message that CTO, executive vice president of duties, and hours later another e-mail letters from the Board of Directors announced the recall inspired CEO, COO and other executives.

Last Friday afternoon, a hair to Zhaopin name of a company's e-mail circulated to all staff, announced the lifting of remaining with the CTO with Tong Luo Yihua, vice president, technical director Zhang spring all the duties, be expelled from the company, but did not give specific reasons. In addition, CFO Guo Jianmin Zhaopin announced the company for personal reasons resigned from office.

Announced four executives left off the outside world caused great concern,but more dramatic is the e-mail sent just a few hours after Zhaopin staff has received a letter from the Board of Directors authorized release message, the content is said Zhao Peng CEO, COO Lei Weiming other four other executives leave.

When the first message sent overseas, the SAN has been linked Zhaopin PR, relevant personnel to confirm the authenticity of the message. Then the said company executives and board of directors has been in a meeting, and said second message does not make a comment. But the source said a decision once the company's internal discussions, the truth will be announced the first time.

Some analysts believe that the message reflects the two main factions to CEO Zhao Peng and Tong, as well as CTO mainly use the contradiction between the factions, which may be the board of directors and investors support. This contradiction caused by a large one of the reasons is the founder of Zhaopin team have long faded, but in the case of foreign-controlled management of easy confusion.

fact this is not the first major personnel changes. Last year in August before the announcement Zhaopin CEO Liu Hao resign from his post, former COO Zhao Peng took over as the new CEO. At that time the industry’s view is that consecutive losses to investors have lost confidence.

Investment in Zhaopin was from Australia and New Zealand’s largest recruitment site SEEK and Australian investment bank Macquarie 110 million U.S. dollars of investment, while the cost of the investment and further diluted share Zhaopin, After the completion of investment now, SEEK, Macquarie and Zhaopin other shareholders structure is 4:3:3.

public information, to December 31, 2008 SEEK shares in Zhaopin close to 56.2%, meaning that SEEK has Zhaopin own initiative. According to Zhao Peng said earlier this year interviewed by the media data, Zhaopin has been achieved in the fourth quarter of profitability. (Tracy)