Grand Game CEO Tan exit Chen flyover again lost core executives

Grand Game original chairman and CEO Tan

Grand Games new CEO and chief producer Zhang

August 27 News, Shanda Games Limited (Nasdaq:game), announcing executive adjustment today, Tan resigned as chairman and CEO of Shanda Games, and former chief producer and chief operating officer Zhang was appointed as the new CEO and chief producer and Mr Chen as chairman. Tan will continue to retain the director's position.

"The time I spent in grand games will be the most valuable experience and wealth of my life, and I am honored to work with such a hard-working, pragmatic and creative team," Tan said. But since last year, my physical condition has not allowed me to devote enough energy and strength to my work as usual, and the company's performance in recent quarters has failed to meet the expectations of its board of directors and investors. As CEO, I should be held responsible for this. I would like to thank all the board members, partners and all the staff and the players have been supporting.

Chen, chairman of the board, said, "On behalf of the Board, I am grateful for Tan's great contribution to the grand Game over the years." He played a vital role in the development of our online gaming business from the pioneering stage to the industry leader. Although he is no longer responsible for day-to-day operations, he will continue to share his insights and valuable experience as a board member. "I also express my appreciation and appreciation to Zhang on behalf of the board," Chen said. He is responsible for the development and operation of the game all year round and has extensive experience. I believe in the ability of the east and his team to return to the track of strong growth. ”

Zhang responded: "I am honored to have the opportunity to lead the grand game in this critical historical moment." Now the gaming industry has changed dramatically compared to when I joined in 2001. These changes bring both challenges and opportunities. I hope to work with the outstanding team of Shanda to explore and find opportunities to drive the enterprise to new growth. ”

Tan is a grand entrepreneur--1999 joined the grand, held several important positions, is the grand first network community, game product research and Development center of one of the founders, successive research and development Director, Vice President, and in June 2006 as chief technical officer and senior Vice President; and retain the CTO position, May 2009, as chairman of the Grand game, the next January successor Yu as the CEO of Grand Games.

The head of the departure of the grand game and even grand impact of great--Shanda game is pushing 3A strategy, to the emerging page tour of the field layout and transformation, to open up overseas markets, Shanda is good at the end of the field has stalled, the transformation of life and death; On the other hand, the group privatized outward borrow nearly 3 billion cash, As a grand core of the most direct cash business, Shanda games need long-term to the group and other lines of blood transfusion, not to be missed.

In the last year, a number of grand games senior executives left, last November, President Ling left, and vice President Zoo Yurong and Chen Haojian also left. There is news that Tan after the departure of the Grand game management will be further changes.

Mr. Zhang has been the chief operating officer of Shanda Gaming Co., Ltd. since September 2011, and also the chief producer of Shanda Gaming Co., Ltd, who has previously held senior vice president and director of Shanda Group. Before joining Shanda Group, Zhang worked in China Network from 1998 to 2000, and worked in Shenzhen Golden Wisdom Tower computer software company from 1997 to 1998. Zhang has a bachelor's degree in chemical engineering from Dalian Institute of Light Industry and an EMBA degree from Fudan University. Mr. Zhang has a wealth of large-scale network game production, operating experience, has led a number of large-scale network game production, operation and great success. Is "Blood legend" and "legendary World," one of the core managers.

Chen has served as chairman and CEO of the board since the creation of the Grand Network in 1999 and has been president for the January 2010. Before the establishment of the Grand Network, Chen in 1994 to 1999, in the Jinxin Trust Company, Lujiazui Group held a number of management positions. Chen graduated from Fudan University and obtained a bachelor's degree in economics.