Hugo Barra resigns as VP Global operations of Xiaomi
Hugo Barra said that he will be returning to Silicon Valley after 3.5 years of working with Xiaomi in China.
Hugo Barra, Vice President of International operations for Xiaomi has announced that he is leaving the company after nearly 3 and half years of working with them. In a letter posted on social media sites Facebook and Twitter he said that he would be returning home to Silicon Valley. However, he does not mention whether he will be joining back to Google, his former employer where he had worked on the Android ecosystem.
In the letter he said that living far away from home in China has taken a huge toll on his life and started affecting his health. “My friends, what I consider to be my home, and my life are back in Silicon Valley, which is also much closer to my family. Seeing how much I've left behind these past few years, it is clear to me that the time has come to return,” he said.
He added, “As I thought about this late last year, I concluded that Xiaomi is in a very good place on its global expansion path, and if there was ever going to be a good time for me to come back home, that time is now — when I can confidently say our global business is no longer just an in-house startup.”
On India he said they had turned it from a dream into Xiaomi's largest international market woth $1 billion in annual revenues, faster than any company in India's history.
“We expanded into Indonesia, Singapore, Malaysia, and more recently 20 other markets including Russia, Mexico, and Poland. We teamed up with Google to launch our first official product in the US, and with our successful debut at CES 2017 — where we won 3 prestigious awards — the world now sees that Xiaomi is a global player changing the tech industry through our simple promise of bringing innovation to everyone,” he said.
He further thanked the Xiaomi founders and in particular Lei Jun, CEO of the company who he said has been his mentor and a friend. He however said that he has been asked by the company to remain as an advisor to Xiaomi indefinitely.
Barra joined Xiaomi in 2013 and was in charge of the international business. He was responsible for expanding Xiaomi's business around the world and increasing their presence. He was also responsible for the launch of several of its smartphones include the Redmi Mi3 in February 2014.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
12:14 PM IST