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Hexindai CEO departs

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Hexindai CEO departs

China's Hexindai Inc. said Xinming Zhou has stepped down as CEO, with immediate effect.

Zhou also resigned as a director on the company's board, according to a May 20 release.

Hexindai's founder and chairman, Xiaobo An, will take over as CEO, while the company's COO, Lili Hua, will replace Zhou as director.