NEW YORK, March 15, 2016 /PRNewswire/ -- Global
Sources Ltd. (NASDAQ: GSOL) announced that CEO Spenser Au is retiring. He will remain engaged
until the end of the year to assist the Company in transitioning to
a successor.
In an announcement letter to senior management, the Board
reiterated Global Sources' strategic priorities, including:
- Deeper integration of the core online and trade show
promotional services in order to provide improved value to
international buyer and supplier customers.
- Promotion of innovative startup companies in the region through
Startup Launchpad pavilions at Global Sources'
exhibitions.
- Leveraging Chief Executive China to help international
brands identify partners and distribution channels in the
China market.
"From the earliest years of the Company's history, Spenser has
always personified the core values of Global Sources," said
executive chairman Merle A. Hinrich.
"He has consistently demonstrated the highest commitment to our
customers and team members, and over the last five years, his
leadership as CEO has been essential in positioning the Company for
its next stage of development. We deeply appreciate his
contributions, as well as his assistance with a smooth transition
process. We also extend our best wishes to him upon his
retirement."
"After 39 years of service to the Company, it is now time for me
to move on to a new stage of life," said Au. "I wholeheartedly
support the direction of the Company and will remain actively
engaged to ensure a successful transition. Our management team is
strong and experienced, and I have every confidence that this
succession will proceed smoothly."
About Global Sources
Global Sources is a leading business-to-business media company
and a primary facilitator of trade with Greater China.
The core business facilitates trade between Asia and the world using English-language
media such as online marketplaces (GlobalSources.com), trade shows,
magazines and apps.
More than 1 million international buyers, including 95 of the
world's top 100 retailers, use these services to obtain product and
company information to help them source more profitably from
overseas supply markets. These services also provide suppliers with
integrated marketing solutions to build corporate image, generate
sales leads and win orders from buyers in more than 240 countries
and territories.
Now in its fifth decade, Global Sources has been publicly listed
on the NASDAQ since 2000.
Press
Contact
|
Investor Contact
in Asia
|
Camellia
So
|
Connie Lai
|
Tel: (852)
2555-5021
|
Tel: (852)
2555-4747
|
e-mail:
GSpress@globalsources.com
|
e-mail:
investor@globalsources.com
|
|
|
|
Investor Contact
in U.S.
|
|
Cathy
Mattison
|
|
LHA
|
|
Tel: (1-415)
433-3777
|
|
e-mail:
cmattison@lhai.com
|
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SOURCE Global Sources