<p>The fast-growing video-sharing app TikTok named a new top executive Friday who will keep his responsibilities at Chinese parent firm ByteDance.</p>.<p>A statement said Shouzi Chew, ByteDance's chief financial officer, will now also become CEO of TikTok.</p>.<p>Vanessa Pappas, who has served as interim head, will formally take the role of TikTok chief operating officer, the company said, continuing with her current responsibilities.</p>.<p>The announcement was described as a "strategic reorganization to optimize TikTok's global teams and support the company's unprecedented growth."</p>.<p>"The leadership team of Shou and Vanessa sets the stage for sustained growth," said Yiming Zhang, founder and CEO of ByteDance.</p>.<p>"Shou brings deep knowledge of the company and industry, having led a team that was among our earliest investors, and having worked in the technology sector for a decade. He will add depth to the team, focusing on areas including corporate governance and long-term business initiatives."</p>.<p>The move comes after an effort by the administration of former president Donald Trump to ban TikTok in the United States or force a sale to an American-owned entity, over claims that the app could pose national security risks.</p>.<p>At least one report said the Biden administration had abandoned the Trump effort, which aimed to sell TikTok to US tech giant Oracle and retail power WalMart.</p>.<p>TikTok is believed to have some one billion users worldwide including more than 100 million in the United States, and is especially popular with young smartphone users.</p>
<p>The fast-growing video-sharing app TikTok named a new top executive Friday who will keep his responsibilities at Chinese parent firm ByteDance.</p>.<p>A statement said Shouzi Chew, ByteDance's chief financial officer, will now also become CEO of TikTok.</p>.<p>Vanessa Pappas, who has served as interim head, will formally take the role of TikTok chief operating officer, the company said, continuing with her current responsibilities.</p>.<p>The announcement was described as a "strategic reorganization to optimize TikTok's global teams and support the company's unprecedented growth."</p>.<p>"The leadership team of Shou and Vanessa sets the stage for sustained growth," said Yiming Zhang, founder and CEO of ByteDance.</p>.<p>"Shou brings deep knowledge of the company and industry, having led a team that was among our earliest investors, and having worked in the technology sector for a decade. He will add depth to the team, focusing on areas including corporate governance and long-term business initiatives."</p>.<p>The move comes after an effort by the administration of former president Donald Trump to ban TikTok in the United States or force a sale to an American-owned entity, over claims that the app could pose national security risks.</p>.<p>At least one report said the Biden administration had abandoned the Trump effort, which aimed to sell TikTok to US tech giant Oracle and retail power WalMart.</p>.<p>TikTok is believed to have some one billion users worldwide including more than 100 million in the United States, and is especially popular with young smartphone users.</p>