The Board of Directors of TWX Group Holding Limited has appointed Mr. Stan Grunzeweig, as Interim Chief Executive Officer replacing Mr. Wei Dong Wang, who has elected to step down from the CEO effective immediately. The company also announced it has accepted the resignation of Wei Dong Wang from the Board of Directors, effective immediately. Mr. Grunzeweig is current director on TWX Board.

Mr. Grunzeweig's career includes 7 years TMX Group, Toronto Stock Exchange Global Capital markets.