Baidu CFO expires in accident

By : |December 28, 2007 0

BEIJING, CHINA: Chinese language Internet search provider today declared that its chief financial officer Shawn Wang passed away in an accident in China on December 27.


Wang, who died during the Christmas holiday vacation, joined Baidu as CFO in September 2004. Under Wang’s tenure Baidu went for its successful initial public offering on NASDAQ in August 2005.


Baidu also went on to become the first Chinese company to be included in the NASDAQ-100. CFO Magazine named Wang as the ‘CFO of the Year’ in 2005.


"We are all completely shocked and deeply saddened by this tragic news," said Robin Li, Baidu’s chairman and CEO. "Shawn’s leadership and vision helped transform Baidu into a leading US public company, and his presence will be greatly missed. Shawn was not only a tremendous leader within our company, but also a wonderful friend to us all. We extend our deepest sympathy and most sincere condolences to Shawn’s family."


The company’s senior management team will take up Wang’s duties on an interim basis until the appointment of a successor.


© CyberMedia News

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