ChinaEdu Board of Directors Approved New Member at Annual Board Meeting
May 04 2009 - 6:00AM
PR Newswire (US)
BEIJING, May 4 /PRNewswire-Asia-FirstCall/ -- ChinaEdu Corporation
(NASDAQ:CEDU) ("ChinaEdu" or the "Company"), an educational
services provider in China, today announced the election of Mr.
Amol Shah to the ChinaEdu board of directors at the Company's Board
of Directors meeting held on April 27, 2009. Mr. Amol Shah replaces
Ms. Shasha Chang, who announced her retirement in early April. Ms.
Chang was originally appointed as a board member in August 2005 by
The McGraw-Hill Companies, an investor in ChinaEdu. ChinaEdu's
board of directors is now comprised of seven directors, with three
"independent" directors as defined pursuant to Nasdaq corporate
governance rules. "We are pleased to welcome Amol as a board member
at ChinaEdu. We believe his leadership and operational expertise
will contribute to our continued success in building upon our
position as a leading online education provider in China," said Ms.
Julia Huang, Chairman and Chief Executive Officer. "We thank Shasha
for her dedicated service and significant contributions to ChinaEdu
during her tenure as our board member. We wish her luck in her
future endeavors." Mr. Amol Shah is Senior Vice President of Global
Strategy for the McGraw-Hill Companies. He oversees strategy
development for the corporation and its business units. Mr. Shah
also serves as Vice President of McGraw-Hill Ventures, which makes
equity investments in innovative, high growth companies that are
complementary to McGraw-Hill's traditional business lines. Prior to
joining The McGraw-Hill Companies, he served as a Managing Director
at Novantas LLC, a strategy consulting firm, where he served as a
leading advisor on growth strategies. Earlier in his career, Mr.
Shah worked as a consultant specializing in financial services
strategy for First Manhattan Consulting Group. Mr. Shah earned his
bachelor's degree from the University of Pennsylvania and The
Wharton School with a dual degree in engineering and economics
through the Jerome Fisher Program in Management & Technology.
Mr. Shah also earned a MBA in finance from the Columbia Business
School. About ChinaEdu ChinaEdu Corporation is an educational
services provider in China, incorporated as an exempted limited
liability company in the Cayman Islands. Established in 1999, the
Company's primary business is to provide comprehensive services to
the online degree programs of leading Chinese universities. These
services include academic program development, technology services,
enrollment marketing, student support services and finance
operations. The Company's other lines of businesses include the
operation of private primary and secondary schools, online
interactive tutoring services and providing marketing and support
for international curriculum programs. The Company believes it is
the largest service provider to online degree programs in China in
terms of the number of higher education institutions that are
served and the number of student enrollments supported. The Company
currently has 12 long-term, exclusive contracts that generally vary
from 15 to 50 years in length. ChinaEdu also performs recruiting
services for 15 universities through our nationwide learning center
network. Company Contacts: Lily Liu, CFO ChinaEdu Corporation Tel:
+86-10-8418-6655 x1002 Email: S. Jimmy Xia, IR Manager ChinaEdu
Corporation Tel: +86-10-8418-6655 x1150 Email: DATASOURCE: ChinaEdu
Corporation CONTACT: Lily Liu, CFO, ChinaEdu Corporation at
+86-10-8418-6655 x1002 or ; S. Jimmy Xia, IR Manager, ChinaEdu
Corporation at +86-10- 8418-6655 x1150 or
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