April 28, sources told us that on May 9, Sina will release first quarter 2006 earnings. In the earnings announcement, SINA will be held in Hong Kong Board of Directors. That is, at this board meeting, Sina announced major personnel changes.
Sources said Wang Yan will be the outgoing CEO, this is normal turnover, "because the three-year term expired." May 2003, Sina former CEO Mao Daolin the same as his term from Sina.
Wang Yan will be how to go from to? Sina said it will leave after Fangjian business. However, a high-level Sina sure the phone said: "Wang Yan will not leave Sina."
According to him, and after the same newspaper reported that Wang retained the seat on the board in Sina, together with section of Wing Kei as co-chairman of Sina (see newspaper on February 8 exclusive report, "New Year Sina executive shuffle?,") . This year in March, the former co-chairman of SINA announced Daniel Chiang left Sina.
In addition to these adjustments, the Sina COO will also announce the new candidate. Sources: new COO from the Sina board, that director Chen Xiaotao. Chen Xiaotao the same time as the Stone Group Holdings Executive Director, President. Chen Xiaotao and the same section of Wing Kei, Department of the Stone.
Four-way high-level access to Sina management, which has no precedent in the history of Sina. Prior to this, including the section of Wing Kei, including four-way high-level representation only in the Sina board, not management in the office.
The high-level phone Sina said: No matter how Sina personnel changes, the Company's business will not be affected, "from sand Masaharu, Wang Zhidong, Mao Daolin, Sina CEO position of candidates has changed several times, the Company's business has not been any impact, Sina has a very good state of the company business. "
Reporter dialed Sina CFO Charles Chao, president and chief incumbent phone, no one answered the telephone in the state. Wang Yan's secretary on the phone said: "Wang is the total travel, inconvenient to answer the phone." As Wang Yan left a message, she asked the reporter to verify Sina Public Relations.
Sina Shen Jianming, vice president of the newspaper, said: "have not heard any news related to high-level adjustments."
Reporters also learned that the acquisition of Sina and TOM has been renewed between the leading edge. A source said: "In addition to price factors sides that collapsed earlier but also because of delays in the approval authorities the results; now, progress has been made competent authorities for approval, the two sides are seeking re-alignment."
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