Alibaba appoints Toby Xu as new chief financial officer

FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang

(Reuters) - Alibaba Group Holding Ltd said Toby Xu, will succeed Maggie Wu as the company's chief financial officer from April, a move it described as part of the company's leadership succession plan.

Xu joined Alibaba from PWC three years ago and was appointed deputy chief financial officer in July 2019, Alibaba said.