Baozun Announces Changes to Board of Directors and Committees
May 02 2018 - 8:57AM
Baozun Inc. (Nasdaq:BZUN) ("Baozun" or the "Company"), the leading
brand e-commerce service partner that helps brands execute their
e-commerce strategies in China, today announced the following
changes to its board of directors (the "Board") and Board
committees, including its nominating and corporate governance
committee and compensation committee.
New Independent Director
Appointment
Baozun appointed Dr. Gang Yu as an independent
director of the Board, effective from April 27, 2018. The Board
reviewed the independence of Dr. Yu and determined that he
satisfies the “independence” requirements of the Nasdaq Stock
Market Rules.
Dr. Yu co-founded 111, Inc., a leading mobile
and digital healthcare platform operator in China, in 2010 and
currently serves as its executive chairman. Dr. Yu has also served
as an executive director and co-chairman of the board of directors
of Zall Group Ltd., a company listed on the Hong Kong Stock
Exchange, since August 2015; as a director of LightInTheBox Holding
Co., Ltd., a company listed on the New York Stock Exchange, since
March 2016; and as a director of JMU Limited, a company listed on
the Nasdaq Global Market, since October 2016. Dr. Yu also serves as
a director of several privately held companies. From August 2008 to
July 2015, Dr. Yu was the co-founder and chairman of Yihaodian, a
leading e-commerce company in China. Dr. Yu has extensive
experience in e-commerce and operation and logistics management and
has previously served in various senior executive positions at
multi-national corporations such as Dell Inc. and Amazon.com, Inc.
Dr. Yu obtained his bachelor degree in science from Wuhan
University in 1982 and his master degree in science from Cornell
University in 1985. Dr. Yu received his Ph.D. from the Wharton
School of Business, University of Pennsylvania in 1990.
Independent Director
Resignation
Baozun also announced the resignation of Mr. David
McKee Hand from the Board, effective from April 27, 2018. Mr. Hand
did not resign due to any disagreement with the Company regarding
its business, finance, accounting and/or any other affairs.
Changes to Board Committees
The Board appointed Mr. Yiu Pong Chan as a member
of the nominating and corporate governance committee to replace Mr.
Hand, and appointed Mr. Steve Hsien-Chieng Hsia as the chairman of
the nominating and corporate governance committee. The Board
appointed Mr. Hsia as a member of the compensation committee to
replace Mr. Hand, and appointed Mr. Chan as the chairman of the
compensation committee. The above appointments shall become
effective from April 27, 2018. All Board committees meet the
independence requirement of the Nasdaq Stock Market following the
appointment of Messrs. Hsia and Chan.
“I’d like to warmly welcome Dr. Yu to the Board,”
commented Mr. Vincent Qiu, Chairman and Chief Executive Officer of
Baozun. “Dr. Yu’s deep experience in e-commerce and operation and
logistics management will greatly benefit Baozun going forward as
we expand our portfolio of services and innovate new ones. I’d also
like to thank David for his many years of service to Baozun and
wish him all the best in his future endeavors.”
About Baozun Inc.
Baozun is the leading brand e-commerce service
partner that helps brands execute their e-commerce strategies in
China by selling their goods directly to customers online or by
providing services to assist with their e-commerce operations. The
Company's integrated end-to-end brand e-commerce capabilities
encompass all aspects of the e-commerce value chain, covering IT
solutions, store operations, digital marketing, customer services,
warehousing and fulfillment.
For more information, please visit
http://ir.baozun.com
For investor and media inquiries, please
contact:
Baozun Inc.Ms. Caroline
Dongir@baozun.com
ChristensenIn ChinaMr.
Christian ArnellPhone: +86-10-5900-1548E-mail:
carnell@christensenir.com
In USMs. Linda BergkampPhone:
+1-480-614-3004Email: lbergkamp@Christensenir.com
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