Grand Games again show executive change

Absrtact: Grand Game (Nasdaq:game) again appeared executive change, as chairman and CEO of the Grand veteran Tan is about to leave, successor has not been determined. It is believed that Chen flyover will strengthen the direct intervention of this cash cow business, and the grand game management structure will further

The Grand Game (Nasdaq:game) again appears executive change, as chairman and CEO of the Grand veteran Tan is about to leave, the successor has not been determined. It is believed that Chen flyover will strengthen the "cash cow" business direct intervention, and Shanda game management structure will be further adjusted.

Chen Tianqiao Mouth is experiencing the listing "three years of itching" of the grand game, it seems that the distance over the "years of quiet good" days still have quite a distance.

According to people familiar with the matter, the Grand game management has again changed, and the level is quite high-Shanda game chairman and CEO Tan will be in the near future from his resignation. This is an "unexpected, reasonable" result, in fact, Tan in the past two years of poor health, so the rumors of his leaving the more speculation.

Tan the last time he made a public appearance in front of the media, or during this year's ChinaJoy. Although Tan is still in the audience in the important position, but the Grand game booth for the first time to retreat to Hall 2nd.

Last October, Chen Tianqiao began to promote the Grand group to withdraw the city comprehensively. To complete this plan, Shanda has had to reverse blood transfusions for the group, providing a lot of cash to support it. Since the three or four quarter of last year, the budget for many of Shanda's business units has been tightened and spending has been more tightly controlled.

Grand Game on the one hand cut off the project without profit prospects, narrow line of business, on the other hand, reduce market advertising, the resources focused on a few products. And these adjustments, more is the embodiment of Chen Tianqiao will. One of the most representative events is that Chen Tianqiao even once wanted to abolish the 0 World project.

and "0 World" is tan and Shanda game CTO Chen together as the producer's core product.

At the same time, a number of grand games senior also left. Last November, Shanda game President Ling from office, while another two grand games vice President Chen Haojian and Zoo Yurong have left the grand game. "Isn't this the toughest year of the year?" Sina Technology asked Tan at the beginning of the year, he just smiled did not answer.

Tan belonged to one of the grand elders, and began to follow Chen in 1999. 2003, Tan as Grand Group CTO, and in 2008 to take over Tang June as chairman of the Grand Group. Grand Games after the listing, Tan as chairman of the Grand game, and in 2010 to replace the resignation of Yu part-time CEO of the Grand game.

After the change, the impact on the grand game is unknown, and Tan's successor has not been identified. There are insiders to Sina technology, said that the recent flyover will strengthen the direct intervention of the grand game.

Information from Shanda's official website shows that the current executive structure of Shanda Games is: Chairman and CEO Tan, chief producer and COO Zhang, CFO Wei, CTO Chen, senior vice president Chandonghai of Shanda Games business development. However, the news to Sina Technology said a period of time before the adjustment, Chen need to report to Chandonghai.

In response to the above news, Shanda Games officials did not respond positively.