BEIJING, Oct 17, 2016 /PRNewswire/ -- TAL Education Group
(NYSE: XRS) ("TAL" or the "Company"), a leading K-12 after-school
tutoring services provider in China, today announced the appointment of each
of Dr. Kaifu Zhang and Dr. Yachao Liu to TAL's board of
directors and the resignation of each of Mr. Wei Wang and Mr.
Joseph Kauffman from his post as a
director of the Company, all effective October 17, 2016.
As board director, Dr. Kaifu Zhang will also serve as a
member of the compensation committee, a member of the audit
committee and the chairman of the nominating and corporate
governance committee of the Company's board of directors, to
replace Mr. Wei Wang's positions at
these committees. Dr. Zhang is assistant professor of Marketing and
the Xerox Junior Chair at the Tepper School of Business,
Carnegie Mellon University ("CMU").
Prior to joining CMU, he was assistant professor at Cheung Kong
Graduate Schools of Business in China. His research interests include the
economics of multi-sided markets, business model design for on-line
platforms, and the use of big data and machine learning in
econometrics. He has consulted for and offered executive training
at a number of tech firms in Europe, US and China. He holds a Ph.D. in
Management from INSEAD (France)
and a BE in Computer Science from Tsinghua University.
Dr. Yachao Liu has been in charge of various businesses of TAL
since 2005, including the teaching and research division,
teachers' training school,
information management center and network operation center, and has
served as TAL's senior vice president since April 2011. Dr. Liu received his bachelor's
degree in Mechanics from Peking University in 2003 and Ph.D. from
the Institute of Mechanics of the Chinese Academy of Science in
2008.
"We'd like to thank Wei and Joseph for their consistently strong
and professional leadership as directors during their tenures,"
said TAL's Chairman and Chief Executive Officer, Mr. Bangxin
Zhang. "We're very pleased that Kaifu and Yachao have been
appointed as the new directors. They will bring to the role a
wealth of deep knowledge and expertise in management and
strategy."
About TAL Education Group
TAL Education Group is a leading K-12 after-school tutoring
services provider in China. The
acronym "TAL" stands for "Tomorrow Advancing Life," which reflects
our vision to promote top learning opportunities for Chinese
students through both high-quality teaching and content, as well as
leading edge application of technology in the education experience.
TAL Education Group offers comprehensive tutoring services to
students from pre-school to the twelfth grade through three
flexible class formats: small classes, personalized premium
services, and online courses. Our tutoring services cover the core
academic subjects in China's
school curriculum including mathematics, English, Chinese, physics,
chemistry, and biology. The Company's learning center network
includes 395 physical learning centers as of May 31, 2016, located in 25 key cities in
China: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Xi'an, Chengdu, Nanjing, Hangzhou, Taiyuan, Zhengzhou, Chongqing, Suzhou, Shenyang, Jinan, Shijiazhuang, Qingdao, Changsha, Luoyang, Nanchang, Ningbo, Wuxi, Fuzhou and Hefei. We also operate www.jzb.com, a leading
online education platform in China. Our ADSs trade on the New York Stock
Exchange under the symbol "XRS".
For further information, please contact:
Mei Li
Investor Relations
TAL Education Group
Tel: +86 10 5292 6658
Email: ir@100tal.com
Caroline Straathof
IR Inside
Tel: +31 6 5462 4301
Email: info@irinside.com
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SOURCE TAL Education Group