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LightInTheBox CEO stepping down

Alan Guo is stepping down as chairman and CEO of LightInTheBox Holding Co. Ltd. to pursue other personal interests, the company said June 28.

Guo, who will continue to serve on the company's board, will remain as LightInTheBox's chief executive for up to 60 days for a smooth transition.

Zhi Yan, co-chairman and CEO of Zall Smart Commerce Group Ltd., formerly known as Zall Group, will replace Guo as chairman of the board, effective immediately. Yan has been on the board of LightInTheBox since 2016.