a leading online educational services provider in China,
today announced changes to the management structure of the
company. Mr. Shawn Ding, president and chief operating
officer will resign from that role to become chief executive
officer, effective immediately. Former chief executive
officer and chairman of the board of directors, Ms. Julia
Huang, will maintain her role as the chairpman of the board
of directors and will continue to work full time for the
company as executive chairpman.
With Shawn Ding's appointment as chief executive officer, he
will take on greater responsibility for ChinaEdu's core
online degree programs, building on his experience leading
those programs over the past decade. Julia Huang will
continue to oversee the day-to-day management of other areas
of the business including ChinaEdu's 101 Online School (K-12
online after-school programs) and international programs. She
will also focus on further developing the Company's corporate
governance structure and deepening corporate culture.
Additionally, she will continue to work with Simon Mei,
ChinaEdu's chief financial officer, on strategic financial
management.
Shawn Ding commented, "I am pleased to accept this new role
and expand my work with our outstanding management team
and employees to capitalize on the tremendous
opportunities in the Chinese educational services industry. I
look forward to Julia's continued involvement as we enter
this next exciting chapter. In particular, I intend to
dedicate myself to improved profitability in each of our
learning centers and to the expansion of our core online
degree programs. Julia and I intend to bring renewed energy
to our roles
to realize success for our Company and shareholders."
Julia Huang added "Since our decision to become a public
company in 2007, I have shared the responsibility of
leadership with Shawn Ding. Hand-in-hand, we have drawn on
our diverse backgrounds and talents to see ChinaEdu thrive.
Shawn is well-positioned to guide ChinaEdu through its
next phase of growth, bringing the Company to its full
potential. It is with great pleasure that I welcome
Shawn into the role of chief executive officer".
Shawn Ding joined ChinaEdu in July 2001 as chief technology
officer and has served as director, president and chief
operating officer since December 2004. Before joining
ChinaEdu, Mr. Ding held various technology development and
management positions in the U.S. between 1992-2001, including
the role of chief technology officer at Infostream
Technologies Inc., director of Internet Development at
Automatic
Data Processing, Inc. and director of System Development at
Prudential Insurance Company of America. Mr.
Ding received a bachelor's degree in Environmental Science
from Beijing University and a bachelor's degree in Computer
Science from Rutgers University. He also received a master's
degree in Computer Science from the New Jersey Institute of
Technology.
ChinaEdu Corporation is an educational services provider in
China, incorporated as an exempted limited liability company
in the Cayman Islands. Established in 1999, the Company's
primary business is to provide comprehensive services to the
online degree programs of leading Chinese universities. These
services
include academic program development, technology services,
enrollment marketing, student support services
and finance operations. The Company's other lines of
businesses include the operation of private primary
and secondary schools, online interactive tutoring services
and providing marketing, support for international and elite
curriculum programs and online learning community for adult
students.
The Company believes it is the largest service provider to
online degree programs in China in terms of the number of
higher education institutions that are served and the number
of student enrollments supported. The Company currently has
19 long-term contracts that generally vary from 10 to 50
years in length. ChinaEdu also performs recruiting services
for 21 universities through nationwide learning center
network.
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar
statements.
Among other things, the quotations from management in this
press release contain forward-looking statements. Such
statements involve certain risks and uncertainties that could
cause actual results to differ materially from those in the
forward-looking statements. Further information regarding
these and other risks is included in the Company's filings
with the U.S. Securities and Exchange Commission, including
its registration statement on Form F-1 and its annual report
on Form 20-F. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required
under applicable law.
distribué par | Ce noodl a été diffusé par ChinaEdu Corporation et initialement mise en ligne sur le site http://www.chinaedu.net. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-13 09:57:41 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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