BEIJING, June 24, 2020 /PRNewswire/ -- Sogou Inc.
(NYSE: SOGO) ("Sogou" or the "Company"), an innovator in search and
a leader in China's internet industry, today announced
that Mr. Joe Zhou has resigned from
his position as the Company's Chief Financial Officer ("CFO") for
personal reasons, effective June 30,
2020. The board of directors of the Company has appointed
Ms. Fion Zhou as the Company's new
CFO, effective July 7, 2020. Mr. Zhou
will remain a consultant to Sogou until September 30, 2020, and he and Ms. Zhou will work
together closely to ensure a smooth transition.
Ms. Zhou will bring to Sogou 14 years of financial and public
company experience. She most recently served as CFO of Yidian
Zixun, China's leading mobile news
aggregator, where she led financial operations, strategic
investment, capital raising and internal controls. Prior to this,
Ms. Zhou was a finance director of Alibaba Group (NYSE: BABA) and
also held senior finance roles at Viadeo S.A. and Concord Medical
(NYSE: CCM). Ms. Zhou started her career as an auditor at
PricewaterhouseCoopers Zhong Tian. She received a Bachelor's degree
in Financial Management from the University of International
Business and Economics and an Executive MBA from HEC Paris. Ms.
Zhou is a regular member of the American Institute of Certified
Public Accountants and a Chartered Global Management
Accountant.
Mr. Xiaochuan Wang, CEO of Sogou,
commented, "On behalf of the management team, I want to
express our sincere appreciation for Joe's contribution and
dedication to Sogou over the past ten years. He has been
instrumental in building very strong financial functions to support
our business growth and leading our capital markets initiatives,
including our IPO in 2017. We wish him continued success in his
future endeavors. We are also very pleased to welcome Fion as our
new CFO. I believe that her deep experience in finance and the
capital markets will further strengthen the suite of capabilities
of our management team, which will in turn help lead Sogou to
the next stage of innovation, development and growth."
Mr. Joe Zhou said, "It has been a
tremendous experience working at Sogou and witnessing the robust
development of the business over the last several years. I believe
the Company has built a strong foundation and financial position
which will support the continued successful execution of its
long-term growth strategies."
Safe Harbor Statement
This announcement contains forward-looking statements.
Statements that are not historical facts, including statements
about our beliefs and expectations, are forward-looking statements.
These statements are based on current plans, estimates, and
projections, which involve inherent risks and uncertainties. We
caution you that a number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, intense competition in the market
for search and search-related services; our need to continually
innovate and adapt in order to grow our business; our reliance
on Tencent platforms for a significant portion of our
user traffic; uncertainty regarding the extent and reach of PRC
governmental regulation of sponsored search; and the effects of the
COVID-19 virus on the economy in China generally and on
our business in particular. Further information regarding these and
other risks is included in Sogou's Annual Report on Form 20-F for
the year ended December 31, 2019 filed with the
Securities and Exchange Commission on April 21, 2020, and
other documents Sogou files with or submits to the Securities and
Exchange Commission.
About Sogou
Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader
in China's internet industry. With a mission to make it
easy to communicate and get information, Sogou has grown to become
the second-largest search engine by mobile queries and the fourth
largest internet company by MAU in China. Sogou has a wide
range of innovative products and services, including the Sogou
Input Method, which is the largest Chinese language input software
for both mobile and PC. Sogou is also at the forefront of AI
development and has made significant breakthroughs in voice and
image technologies, machine translation, and Q&A, which have
been successfully integrated into our products and services.
For investor enquiries, please contact:
Jessie Zheng
Sogou Investor Relations
Tel: +86 10 5689 8068
Email: ir@sogou-inc.com
For media enquiries, please contact:
Yadan Ouyang
Brunswick Group
Tel: +86 10 5960 8600
Email: sogou@brunswickgroup.com
View original
content:http://www.prnewswire.com/news-releases/sogou-announces-management-change-301082609.html
SOURCE Sogou Inc.