TikTok names exec at Chinese parent ByteDance as new CEO

Video app TikTok said Friday that its new CEO is Shouzi Chew, the new CFO of its Chinese parent company, ByteDance. He is based in Singapore, where TikTok has an office. Vanessa Pappas, based in Los Angeles, has been interim head of TikTok since Kevin Mayer, a former top Disney executive who lasted just a few months in the role as head of TikTok, resigned in August 2020. Pappas will become COO. The Biden administration has put Trump-era efforts to ban TikTok or force its sale on hold while it conducts a new review of national security threats posed by Chinese technology companies.