China’s tech behemoth Baidu has appointed a new vice president to oversee its M&A and strategic investment unit, a move that follows recent high-level departures and subsequent new appointments.

The hiring of He Junjie, also known as Jackson He, “reaffirms Baidu’s strategy to invest more on our organization and execute our young leadership development program,” the company said in an official statement on Wednesday.

In recent months, at least five execs have reportedly left Baidu. The company confirmed only one of those — search-engine head Xiang Hailong.

Last month, Baidu announced appointments of a new CTO and head of mobile ecosystem.

It is not clear whether the management reshufflings are directly related to the firm’s unsatisfactory Q1 financial report, which showed Baidu’s first quarterly loss in nearly 15 years.

Related: Baidu’s Management Reshuffle Taps Young Blood After First Quarterly Loss in 15 Years

Contact reporter Zhao Runhua (runhuazhao@caixin.com)