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Kevin Mayer has stepped down as the CEO of TikTok, four months after assuming office as the company chief, amid Trump administration’s crackdown on the app.
He had joined TikTok on 1 June, following a long stint at Disney.
Venessa Pappa, general manager of Tik Tok in North America, will temporarily be taking his place as the interim global head of the company, say international media reports.
WHY DID HE RESIGN?
According to CNBC, Kevin Mayer wrote a letter to the employees shedding light on reasons for his departure.
Stating categorically that his decision has nothing to do with the company, expressing optimism for TikTok’s bright future and observing that the role of employees will remain unchanged, Mayer also said:
WHAT IS TIK TOK SAYING?
A TikTok spokesperson reportedly told CNBC that they “appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision.”
The spokesperson further said that they thank Mayer for his time at the company and wish him well.
BACKGROUND
Microsoft and Oracle are presently competing to acquire TikTok in the US. TikTok, on 23 August, had also announced that it is set to take legal action against US President Donald Trump over a ban on the app imposed by him.
United States President Donald Trump on Friday, 14 August, asked TikTok parent company, ByteDance, to divest the US operation of the app within 90 days, citing national security reasons.
(With inputs from CNBC.)
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