BEIJING, Dec, 31, 2014
/PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the
"Company"), a leading real name social networking Internet platform in China, today announced that
effective close of business on December
31, 2014, Ms. Hui Huang will
resign as the Chief Financial Officer of Renren Inc., a
position she has held since March 2010. The Company has
appointed Ms. Huang as a director to its Board of
Directors effective January 1, 2015 and she will continue
to serve the Company in her director role after stepping down
as the Chief Financial Officer. Mr. Ashley
Law Kwok Wai, Vice President of Finance, will assume the
responsibilities as an acting Chief Financial Officer,
effective January 1, 2015. The Company also wishes to announce
that after serving nearly three years as a Director, Mr.
Stephen Murphy has resigned from the
Board of Directors for personal reasons, effective December
31, 2014.
Mr. Law joined Renren Inc. in November
2012 as Senior Director of Finance and Financial Controller,
and subsequently was promoted to the Vice President of Finance in
August 2014. Prior to that, he served
in various controller and finance functions at CDC Corporation,
Monty Group and Gameone Online Entertainment Group. Before that,
Mr. Law worked at KPMG. He is a member of American Institute of
Certified Public Accountants, Hong Kong Institute of Certified
Public Accountants and Institute of Chartered Accountants in
England and Wales. Mr. Law holds a Master degree of
Business Administration from Hong Kong
University of Science & Technology, and a Bachelor
degree in Accountancy from Hong Kong Polytechnic University.
"We thank Hui and Stephen for their great support to Renren over
these years. Hui has been an outstanding team player and a
dedicated professional in managing the finance and many other
functions at Renren. We look forward to her continuing involvement
as a non-executive Director. We also thank Stephen for his
contributions to our Board during the past three years," said
Renren's Chairman and Chief Executive Officer, Mr. Joseph Chen. "We are pleased to have named
Ashley as an acting Chief Financial Officer as his proven strength
and experience regarding our financial operations will ensure a
smooth transition."
About Renren Inc.
Renren Inc. (NYSE: RENN) operates a leading real name social
networking Internet platform in
China. It enables users to connect
and communicate with each other, share information and user
generated content, play online games, watch videos and enjoy a wide
range of other features and services. Renren's businesses primarily
include the main social networking website renren.com and the game
development and operating platform Renren Games. Renren.com had
approximately 219 million activated users as of September 30, 2014. Renren's American depositary
shares, each of which represents three Class A ordinary shares,
trade on NYSE under the symbol "RENN".
For more information, please contact:
Cynthia Liu
Investor Relations
Renren Inc.
Tel: (86 10) 8448 1818 ext 1300
Email: ir@renren-inc.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/renren-announces-changes-in-management-and-board-of-directors-300014727.html
SOURCE Renren Inc.