NetEase.com Announces Senior Management Changes
NetEase.com Inc. (Nasdaq: NTES), a leading Internet technology provider in China, today announced that King Lai and Susan Chen have resigned from their respective positions as Chief Executive Officer and Chief Operating Officer effective today to pursue other opportunities. William Ding, the company's founder and Chairman of the Board of Directors, will assume the duties of acting Chief Executive Officer and acting Chief Operating Officer. The company has made no decision yet as to who will assume these positions in a permanent capacity.
Mr. Lai has also resigned from NetEase.com's Board of Directors.
Since founding NetEase.com, Mr. Ding has held a variety of management positions with the company, including Chief Executive Officer from the company's formation until April 2000 as well as Co-Chief Technology Officer and Chief Architect.
Commenting on these management changes, Mr. Ding said, "The Board of Directors wishes King and Susan success in their future business pursuits."
Addressing his expanded responsibilities in the company, Mr. Ding stated, "This transition certainly presents challenges, but I look forward to working with the NetEase.com team to capitalize on the exciting opportunities that lie ahead in the Chinese Internet market." He also noted that, "I am confident that these changes will have a minimal impact on NetEase.com's business continuity and will endeavor to make the transition as seamless as possible for our employees, shareholders, Web site users and strategic partners."