Business News
AirMedia Announces Management Changes
Monday 31. January 2011 - AirMedia Group Inc. ("AirMedia") (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced the appointment of Ms. Ping Sun as Chief Financial Officer of AirMedia, effective February 1, 2011.
“Ping has valuable financial and operational experience in both Fortune 500 and start-up companies. She also has financial expertise and best-practice experience in the United States as well as in China. We expect she will be instrumental for us in driving the Company’s operational efficiency and pursuing profitable growth and strategic opportunities. We’re pleased to have Ping on board and look forward to benefiting from the valuable financial and operational experience she brings to AirMedia,” remarked Mr. Herman Guo, chairman and chief executive officer of AirMedia.
“I am excited to join AirMedia at this stage of the Company’s growth,” said Ms. Ping Sun. “I look forward to working with Herman and the entire team to continually improve AirMedia’s operational efficiency and profitability.”
Prior to joining AirMedia, Ms. Sun founded Orilily LLC, an e-commerce start-up of branded fine jewelry boutique, and served as its managing director from January 2007 to January 2011. Prior to that, Ms. Sun was a finance director of Kodak (China) Investment Company Limited for Digital Capture & Home Printing, Greater Asia Region from January 2005 to December 2006. Prior to that, Ms. Sun worked in the United States as a financial reporting director and financial analyst of Eastman Kodak Company from 1999 to 2004. Ms. Sun also worked at various positions at China National Machine Tool Corporation from 1992 to 1997 and was vice president of a major subsidiary when she left. Ms. Sun received an MBA in finance, competitive & organizational strategy from University of Rochester in New York and a Bachelor of Engineering in automation from Tsinghua University in Beijing, China.
AirMedia today also announced the resignation of Mr. Xiaoya Zhang as president and acting chief financial officer, effective February 1, 2011. Mr. Zhang will also step down as a board member of AirMedia’s Board of Directors, effective February 1, 2011. Mr. Zhang is resigning to pursue other entrepreneurial opportunities. “As one of our founders, Xiaoya successfully led our first- and second-round private placements and played a critical role in our initial public offering. He also led our finance team through the transition period after the departure of our former CFO. We thank Xiaoya for all his contributions and wish him the very best in his new endeavors,” continued Mr. Herman Guo.