Wanda Sports Group Appoints Kenneth Jarrett to Its Board of Directors
October 28 2019 - 7:00AM
Wanda Sports Group Company Limited (NASDAQ: WSG), a leading global
sports events, media and marketing platform, today announced it has
expanded its Board of Directors and appointed Kenneth Jarrett as an
independent director, effective immediately. Mr. Jarrett, a
recognized business leader and former diplomat, will serve on WSG’s
Audit, Compensation and Nomination and Corporate Governance
Committees.
Mr. Jarrett brings more than 30 years of hands-on
and proven public and private sector experience to WSG’s Board. He
currently serves as a Senior Advisor at the Albright Stonebridge
Group, advising global businesses, investors, and organizations
with commercial interests in China and East Asia. Previously, he
was President of the American Chamber of Commerce in Shanghai,
where he helped hundreds of U.S. companies establish and grow their
operations in China. His distinguished diplomatic career includes
serving in senior foreign service roles in Shanghai and Hong Kong
and as Director of Asian Affairs at the White House National
Security Council.
“We are pleased to welcome a global business leader
and statesman of Ken’s caliber to our Board,” said Mr. Lin Zhang,
Chairman of Wanda Sports Group’s Board of Directors. “Ken’s track
record of helping global companies and investors develop winning
strategies in China and around the world, combined with his deep
understanding of U.S.-China relations, the geopolitical environment
and international economic issues will be incredibly valuable to
our Company. We look forward to working with Ken as we execute our
growth strategy and create long-term shareholder value.”
“WSG is transforming how athletes, fans and
partners participate, watch and interact across a wide range of
exciting sports and events around the world, and I am honored to
join the Board,” said Mr. Jarrett. “I look forward to working with
the other Board members and the management team to capture the many
opportunities that lie ahead, including leveraging WSG’s successful
global businesses – Infront and IRONMAN – to accelerate our growth
in China.”
About Kenneth Jarrett
Mr. Jarrett, who has lived in China for over 20
years, is a Senior Advisor at the Albright Stonebridge Group, based
in the firm’s Shanghai office. Prior to assuming this role, he
spent five years as President of the American Chamber of Commerce
in Shanghai, the largest American business chamber in the
Asia-Pacific region. From 2008 to 2013, he was Chairman of Greater
China for APCO Worldwide, a public affairs consultancy.
Before entering the private sector, Mr. Jarrett had
an extraordinary 26-year career in public service with the U.S.
Government, during which he served as Consul General in Shanghai,
Deputy Consul General in Hong Kong and Director of Asian Affairs at
the White House National Security Council. Earlier in his career,
he had postings in Beijing, Chengdu and Singapore.
Mr. Jarrett is a member of the China Advisory
Council for Cornell University and the National Committee for
U.S.-China Relations. He has also served on Advisory Councils for
the Mayor of Nanjing, the Mayor of Wuxi and the Suzhou Industrial
Park and is a recipient of the Magnolia Award (Silver) from the
government in Shanghai. Mr. Jarrett is a graduate of Cornell
University and holds an MA from Yale University and the National
War College.
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 World Triathlon Corporation (IRONMAN), 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 GroupEdith Kwanir@wsg.cn
Sard Verbinnen & CoRon Low or Paul Scarpetta
WandaSports-SVC@SARDVERB.com
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