Qihoo 360 Technology Co. Ltd. announced changes to its Board of Directors. Hong Chuan Thor has resigned from the company's Board of Directors for personal reasons, effective immediately.

Shujun Li also tendered his resignation from the company's Board for personal reasons, and his resignation will become effective May 1, 2014. Eric Chen, Managing Director of Silver Lake, has been appointed to be an independent director of the company, effective immediately. Eric Chen joined Silver Lake in 2008 and is currently serving as a Managing Director.

Prior to Silver Lake, Chen was a Senior Vice President and Executive Committee member of ASML. He was formerly a Senior Vice President at J.P. Morgan. The Board of Directors of the company has appointed Chen to replace Mr. Hong Chuan Thor as the Chairman of the Corporate Governance and Nominating Committee and a member of the Compensation Committee, effective immediately.

Chen will also become a member of the Audit Committee upon the effectiveness of Li's resignation. The Board of Directors of the company has appointed Vivian Wenjiang Chen as the Chairman of the Audit Committee effective on May 1, 2014. Chen is currently a member of the Audit Committee.