Frequent turnover of senior executives COO, CFO will leave

Absrtact: The Art Dragon (long) which has undergone frequent transfusion of excessive control. NASDAQ) has undergone significant recent changes in personnel. Yi Long former chief content officer Shei Shen and Chief financial Officer Rogen will leave. For the reasons for the resignation of the two executives, the Art Dragon is expressed as Shei Shen January 2008

There has been excessive tube frequent "exchange transfusion" of the Art Dragon (long. NASDAQ) has undergone significant recent changes in personnel. Yi Long former chief content officer Shei Shen and Chief financial Officer Rogen will leave.

For the reasons for the resignation of the two senior executives, the art Dragon Shei Shen January 2008 joined the Art Dragon, as the website and marketing vice President, then promoted to chief operating officer, will leave the company on September 30, 2014, Rogen in June 2013 to join the Art dragon, for family reasons, will leave the company on September 30, 2014.

Public data show that Shei Shen in January 2008 to join the Art Dragon, May 2011 promoted to Art Dragon COO, is the Art Dragon CEO Cui in Procter and Gamble and FedEx Gold test "old partner". It is reported that Shei Shen was responsible for investment and marketing during his tenure. This post will be out of business, but the specific project is not clear. The future of the COO will be the Cui part-time, marketing will also be by Cui personally fencing. Art Dragon said that at present Shei Shen is still in the handover stage, the specific information will be disclosed in the near future.

The departure of COO and CFO is a "big event" for a listed company, but this is not the first time for the Arts Dragon. Art long years ago, the personnel shock is truly "breathtaking", and even caused the arts dragon years of loss. By contrast, Cui, the chief executive of the Art Dragon, is relatively stable at the top of the art dragon. In May 1999, Tang Yue created the art Dragon and then listed on Nasdaq, when the Art Dragon and Ctrip, the world's largest online travel service company Expedia spent 60 million of dollars, with a 52% stake in the art Dragon. But the investment community from the Tang Yue Heart is not specific tourism business operation, so in February 2006, Tang Yue left, from McDonald's Sishiya Ming (Tomsoohoo) as the President and CEO of Art Dragon, The senior executive, who has extensive experience in the consumer sector, has been replacing the top management team on Expedia's terms.

Public data show that first June 2005 just joined the Art Dragon Net, the work of the Chief Marketing Officer (CMO) Han Xiaoming was replaced. Subsequently, in December 2003, the sales vice President Liu and Human resources Director of the senior management of important positions, between June 2006 and September, all appoints. July 27, 2006, Art Dragon Chief Financial Officer Belider (Derekpalaschuk) was also dismissed from Shen Yutong as the temporary chief financial officer of Yi Long network. Unfortunately Expedia full "invasion", but because the United States in the Chinese market "acclimatized" and make the art dragon into long-term losses, and had to cut business, which also makes the art dragon and Ctrip pull away.

"So by contrast, the management team was basically stable after the introduction of Cui as CEO many years ago, and the departure of the COO and CFO was a rare major personnel change over the years, perhaps related to the personal development of senior executives." "The top teams consulted the chief analyst Wei Changren analysis.

It is noteworthy that the Arts Dragon's plan to introduce Jin Yuhui and Zhu Ruiqing, respectively, as the wireless Business Department of Technical vice President and platform Vice President. Jin Yuhui, in July 2014, joined the Art Dragon, as the wireless Business Department of Technical Vice President, is responsible for Art Dragon wireless terminal technology and personnel management. Prior to joining the Art Dragon, Jin Yuhui was vice president of technology at Veetleinc, the Silicon Valley real-time video start-up company of the United States, before that, with 6 years of work experience at Amazon's U.S. headquarters team, the Amazon China team, and the Stanford University Information Lab, SAP Inc., USA Institute, IBM New York T.j.watson Research Center.

Zhu Ruiqing, who joined the Art Dragon in July 2014 and vice president of the platform, will continue to be responsible for payment, settlement, promotion, CRM and large data technology, Zhu Ruiqing has over 14 years of experience in software development and product management in the United States. Prior to joining the Art Dragon, he was an Amazon senior manager in charge of several development teams in the areas of inventory management, order management, supply chain optimization, system integration, large data and other fields of innovation. He created and led Amazon's expansion of multiple new products and technologies. Before Amazon, he served in the United States, Microsoft, HTC and other companies, has served as server, client, data processing platform, risk management, human-computer interface, mobile software and other aspects of senior technical managers, product design managers and software engineers. At the same time, Yi Long original chief accounting Rui will be promoted to Chief Financial officer, overall responsibility for the Art Dragon Investor Relations, financial budget, accounting, funds, internal audit work.

"The Art Dragon will now introduce two technical vice presidents, for example, Jin Yuhui in the database system, information retrieval, cloud computing, large Web sites and mobile applications, and many other it core and cutting-edge areas of research and management experience, can see the Art Dragon Hope in the mobile end of the business to seek new breakthroughs in other aspects of the business and Ctrip has a huge gap, So we must hurry to move the end of the source. Mobile end is also Ctrip and many other online tourism industry is currently the most enthusiastic business sector. "Wei Changren said.