BEIJING, Jan. 18, 2016 /PRNewswire/ -- Renren Inc.
(NYSE: RENN) ("Renren" or the "Company"), a leading real name
social networking internet platform in China, today announced the appointment
of Mr. Shinzo Nakano as an
independent director, as well as a member of the Audit Committee
and the chairman of the Compensation Committee of the board of
directors of the Company (the "Board"), effective on January
18, 2016.
Mr. Shinzo Nakano has been the
president, chief executive officer and a partner at Itochu
Technology Ventures, Inc. since April
2015. Mr. Nakano joined Itochu Corporation, one of the
largest trading firms in Japan in
1989. During his 26-year-tenure at Itochu Corporation, Mr. Nakano
held senior positions in system development, sales and marketing of
computer products, Internet business development, and venture
investment at Itochu Corporation and its various subsidiaries. Mr.
Nakano received his bachelor's degree in law from Keio University in Tokyo,
Japan in 1989.
The Board reviewed the independence of Mr. Nakano and determined
that Mr. Nakano satisfied the "independence" requirements of
Section 303A of the Corporate Governance Rules of the New York
Stock Exchange and the "independence" standards under Rule 10A-3
under the Securities Exchange Act of 1934.
"We are delighted to welcome Mr. Shinzo
Nakano to Renren's Board of Directors. His rich experience
and industry expertise will bring significant value to Renren,"
said Renren's Chairman and Chief Executive Officer, Mr.
Joseph Chen.
About Renren Inc.
Renren Inc. (NYSE: RENN) operates a leading real name social
networking service (SNS) and an internet finance business in
China. Our SNS enables users to connect and communicate with
each other, share photo, play online games. Our internet
finance business include primarily consumer financing and auto
financing. Renren.com and renren mobile application had
approximately 228 million activated users as of September 30, 2015.
For more information, please contact:
Cynthia Liu
Investor Relations
Renren Inc.
Tel: (86 10) 8448 1818 ext. 1300
Email: ir@renren-inc.com
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SOURCE Renren Inc.