SHANGHAI, Sept. 18, 2017 /PRNewswire/ -- Acorn
International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today
announced that its board of directors has appointed Ms. Jenny
Hseau-Jean Wang as a Director of the Company, effective
September 13, 2017. Ms. Wang
was also appointed as chair of the Audit Committee and will serve
on the Compensation Committee and Corporate Governance and
Nominating Committee of the Company. According to the
Company's Articles of Association, Ms. Wang will hold office until
the Company's next annual general meeting and will be eligible for
re-election at such meeting.
Ms. Wang has over 30 years of experience in executive
management, finance and business strategy for the Asia Pacific operations of several
high-profile multinational organizations. From 2012 to 2013, Ms.
Wang served as Senior Vice President for TE Connectivity (formerly
Tyco Electronics) where she led China operations with a focus on growth
through good corporate governance and strategic positioning. From
2005 to 2012, Ms. Wang led the growth of Goodyear Tire and Rubber
Company in Asia, most recently in
the role of Vice President, Investment and Business Development,
Asia Pacific. From 2004 to 2005,
she served as CFO and Vice President of Semiconductor Manufacturing
International Company (SMIC), one of the world's largest
semiconductor foundries. From 1993 to 2003, she served in various
executive and finance positions for Motorola's Asia operations. Prior to that, she served as
a Tax Manager at Arthur Andersen in the U.S. Ms. Wang is
currently focused on community service in youth development and
family and business financial planning in China. Ms. Wang has a Bachelor's degree
in Business from Taiwan Providence University, a Master of Science
in Accounting from the University of
Houston and is a Certified Public Accountant in the US. Ms.
Wang is fluent in Mandarin and English.
Commenting on Ms. Wang's appointment, Acorn's Executive Chairman
Robert Roche said, "We are pleased to enhance our board with the
addition of Ms. Wang, a proven business leader and finance
professional at large multinational companies operating in
Asia. Her experience in business
and corporate governance best practices will be invaluable to Acorn
as we move forward with our plans to rebuild our business."
About Acorn International, Inc.
Co-founded in 1998 by Executive Chairman Robert
Roche, Acorn is a marketing and branding company in
China with a proven track record
of developing, promoting and selling a diverse portfolio of
proprietary-branded products, as well as well-established and
promising new products from third parties. Its business is
currently comprised of two main divisions, its direct sales
platforms and its nationwide distribution network. For more
information visit www.acorninternationalir.com.
Safe Harbor
Statement
This news release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "anticipates," "believes,"
"estimates," "expects," "future," "going forward," "intends,"
"outlook," "plans," "target," "will," and similar statements. Such
statements are based on management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties, and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance, or achievements to differ materially from
those in the forward-looking statements. Further information
regarding these and other risks, uncertainties, or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events, or otherwise, except as required by
law.
Contact:
|
|
Acorn International,
Inc.
|
Compass Investor
Relations
|
Ms. Naomi
Deng
|
Ms. Elaine Ketchmere,
CFA
|
Phone
+86-21-5151-2944
|
Phone:
+1-310-528-3031
|
Email:
dengqi@chinadrtv.com
|
Email:
Eketchmere@compass-ir.com
|
www.chinadrtv.com
|
www.compassinvestorrelations.com
|
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SOURCE Acorn International, Inc.