SHENZHEN, China, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq:XNET), China's leading provider of acceleration products and services, today announced the appointment of Mr. Eric Zhou as its Chief Financial Officer (“CFO”), effective September 18, 2017. Mr. Eric Zhou will replace Mr. Tao Thomas Wu, who tendered his resignation as the CFO for personal reasons, effective September 18, 2017.
Mr. Chen Lei, Xunlei’s Director and Chief Executive Officer commented, “We are pleased to welcome Mr. Eric Zhou as our new CFO. We believe Eric’s extensive expertise in finance and global capital markets will greatly contribute to Xunlei’s development. On behalf of Xunlei, we appreciate Tom for his significant contribution and dedication to the Company over the past four years as CFO. We wish him every success for the next stage of his career.”
Mr. Zhou has twenty years of professional experience covering corporate finance, financial planning and analysis, domestic and international investment project due diligence, and mutual fund and private equity investment research and management in the U.S. and in China. Most recently, Mr. Zhou was an interim chief financial officer at ChinaCache International Holdings Limited, a Nasdaq-listed company. Mr. Zhou was as senior vice president of ChinaCache from September 2015 to June 2016. From February 2010 to December 2014, he served as the vice president of finance and Chief Financial Officer at Sutor Technology Group Limited. Prior to that, Mr. Zhou served in various roles, including executive vice president and Chief Financial Officer at Richfield Investment Ltd., equity research analyst at Roth Capital Partners, and principal financial planner at American Electric Power. Mr. Zhou obtained a bachelor’s degree with honors in Petroleum Management Engineering from China Petroleum University, and an MBA in Finance and Ph.D. in Interdisciplinary Energy and Mineral Resources from the University of Texas at Austin. Mr. Zhou is a Chartered Financial Analyst (CFA).
Xunlei Limited (“Xunlei”) is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.
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