News Snapshot:
Seasoned investment firm Sequoia Capital’s current chief Doug Leone has named Roelof Botha as his successor on Tuesday, putting to bed questions about the firm’s succession plans ahead of his mandatory retirement this summer. Neil Shen will continue to lead the firm’s China business as the founding and managing partner. Leone said in his retirement statement that this year marks the 50th anniversary of Sequoia Capital, and that he will continue to represent Sequoia on its boards of directors. Leone became Sequoia Capital’s senior managing partner globally in 2012. During this period, he, Shen and Botha, as three global managing...
