Jia Yueting, former LeEco CEO and founder of the company, is voluntarily replacing himself as CEO from the publicly traded arm of the LeEco conglomerate, to be succeeded by former Lenovo executive Liang Jun. Over the last 6 months, LeEco has been in the news quite a lot, seemingly going from crisis to crisis after its entrance into the US market. Perhaps this latest move will be able to help LeEco regain its footing. However, Jia Yueting will still maintain control of the private branch of the company that US consumers would be more familiar with as the manufacturer of the LeMobile phones.

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