04.27.15
Jumei International Holding Limited, China's leading online retailer of beauty products, announced that it appointed
two new independent directors to serve on the Board and its committees - Mang Su and Zhenquan Ren.
The changes are effective as of April 24, 2015. Jumei's Board will now consists of a majority of independent directors, as well as fully independent audit, compensation, nominating and corporate governance committees. "Upon the appointments of Ms. Mang Su and Mr. Zhenquan Ren, we are in full compliance with the majority independent director and independent board committee requirements under applicable SEC and NYSE rules," explained Leo Ou Chen, founder and CEO of Jumei.
Su currently serves as the president of Trends Media Group ("Trends"), a major magazine publisher in China with over 10 titles including Cosmopolitan, Esquire, Harper's BAZAAR, Trendshome, and Trendshealth. Su has accumulated extensive media management experience through a career that spans many years and includes a diverse number of roles in editorial, advertising, marketing and distribution positions.
Ren is a founder of Star VC, a venture capital firm established in 2014. Ren also founded Beijing Hot and Spicy Investment Limited Company and established "Hot and Spicy No.1" hotpot brand.
Chen added, "We are very delighted to have two new directors with extensive industry knowledge and experience. We also believe that the increased independence of our Board further demonstrates our commitment to adhere to the highest standard of corporate governance."
Jumei has also announced that Keyi Chen, Steve Yue Ji and Bob Xiaoping Xu have resigned from the Board and its committees, effective April 24, 2015.
two new independent directors to serve on the Board and its committees - Mang Su and Zhenquan Ren.
The changes are effective as of April 24, 2015. Jumei's Board will now consists of a majority of independent directors, as well as fully independent audit, compensation, nominating and corporate governance committees. "Upon the appointments of Ms. Mang Su and Mr. Zhenquan Ren, we are in full compliance with the majority independent director and independent board committee requirements under applicable SEC and NYSE rules," explained Leo Ou Chen, founder and CEO of Jumei.
Su currently serves as the president of Trends Media Group ("Trends"), a major magazine publisher in China with over 10 titles including Cosmopolitan, Esquire, Harper's BAZAAR, Trendshome, and Trendshealth. Su has accumulated extensive media management experience through a career that spans many years and includes a diverse number of roles in editorial, advertising, marketing and distribution positions.
Ren is a founder of Star VC, a venture capital firm established in 2014. Ren also founded Beijing Hot and Spicy Investment Limited Company and established "Hot and Spicy No.1" hotpot brand.
Chen added, "We are very delighted to have two new directors with extensive industry knowledge and experience. We also believe that the increased independence of our Board further demonstrates our commitment to adhere to the highest standard of corporate governance."
Jumei has also announced that Keyi Chen, Steve Yue Ji and Bob Xiaoping Xu have resigned from the Board and its committees, effective April 24, 2015.