Wanda Sports Group Company Limited Appoints New President and Chief Executive Officer of Wanda Sports China
September 06 2019 - 7:24AM
Wanda Sports Group Company Limited (NASDAQ: WSG), a leading global
sports events, media and marketing platform, announced today that
Yimin Gao has been appointed President and Chief Executive Officer
of Wanda Sports China, effective immediately. Mr. Gao
succeeds Dongwei Yang, who resigned from his role and from the
Company’s Board of Directors for personal reasons. It is
expected that Mr. Gao will also be appointed to the Company’s Board
of Directors in due course.
“We have quickly built a strong and growing platform in China by
leveraging our globally recognized brands, long-term trusted
partner relationships, decades of expertise in the sports industry
and network of relationships with local businesses and governments
to launch additional events across the country,” said Hengming
Yang, President and Chief Executive Office of Wanda Sports Group.
“The opportunities for future growth in China remain exciting as
the country’s population places an increased emphasis on healthier
lifestyles and increased physical activity.”
“Yimin is a talented executive, who brings a deep understanding
of China’s evolving demographics and the important role that the
rising middle class has on the country’s future growth,” added
Hengming Yang. “We are confident that Yimin and our talented China
team will accelerate our strategic growth in China. We also thank
Dongwei for his leadership over the past three years, including his
work to build up our China platform.”
“I am excited to join the Wanda Sports team at this important
stage in its history,” said Mr. Gao. “Wanda Sports China is a
recognized leader in the country’s sports industry and I am
committed to expanding the reach of our events, partnerships and
innovative digital services to capitalize on the tremendous
opportunities that are in front of us.”
Prior to today, Mr. Gao served as the CEO of Wanda KIDSPLACE,
one of the largest operators of children’s early-education centers
and playgrounds in China. Mr. Gao has held various positions of
increasing responsibility in the culture and real estate
subsidiaries of Wanda Group, of which we are a part, since 2010.
Mr. Gao holds a bachelor degree in industrial and civil
architecture from the Hebei University of Architecture.
Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include but are not limited to
management quotes and our financial outlook. These forward-looking
statements can be identified by terminology such as “will,”
“estimate,” “project,” “predict,” “believe,” “expect,”
“anticipate,” “intend,” “potential,” “plan,” “goal” and similar
statements. We may also make written or oral forward-looking
statements in our periodic reports to the U.S. Securities and
Exchange Commission, in our annual report to shareholders, in press
releases and other written materials and in oral statements made by
our officers, directors or employees to third parties. Such
statements involve certain risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in the forward-looking statements. These forward-looking statements
include, but are not limited to, statements about: our goals and
strategies; the expected growth in our industry; our expectations
regarding our ability to attract rights-in partners and monetize
their rights through rights-out arrangements; our future business
development, results of operations and financial condition;
competition in our industry; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing as well as risks, uncertainties, and other factors
described in “Risk Factors” and elsewhere in our registration
statement on Form F-1, which is available on the SEC’s website at
www.sec.gov. Additional information will be made available in our
annual report on Form 20-F for the year ending December 31, 2019
and other filings that we make from time to time with the SEC. In
addition, any forward-looking statements contained in this press
release are based on assumptions that we believe to be reasonable
as of this date. We undertake no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release or to reflect new information or the
occurrence of unanticipated events, except as required by law.
About Wanda Sports Group Wanda Sports Group
(NASDAQ: WSG) is a leading global sports events, media and
marketing platform with a mission to unite people in sports and
enable athletes and fans to live their passions and dreams. Through
our businesses, including Infront and The IRONMAN Group, we have
significant intellectual property rights, long-term relationships
and broad execution capabilities, enabling us to deliver unrivalled
sports event experiences, creating access to engaging content and
building inclusive communities. We offer a comprehensive array of
events, marketing and media services through three primary
segments: Mass Participation, Spectator Sports and Digital,
Production, Sports Solutions (DPSS). Our full service platform
creates value for our partners and clients as well as other
stakeholders in the sports ecosystem, from rights owners, to brands
and advertisers, and to fans and athletes.
Headquartered in Beijing, China, Wanda Sports Group has more
than 60 offices and 1,600 employees around the world.
For more information, please contact:
Wanda Sports Group Eric Yuan ir@wsg.cn
Sard Verbinnen & Co Ron Low, Paul Scarpetta or Bob Rendine
WandaSports-SVC@SARDVERB.com
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