Baidu Regretfully Announces Passing of Chief Financial Officer Shawn Wang
29 December 2007 - 9:00PM
PR Newswire (US)
BEIJING, Dec. 29 /Xinhua-PRNewswire-FirstCall/ -- Baidu.com, Inc.
(NASDAQ: BIDU), the leading Chinese language Internet search
provider, today regretfully announced that Shawn Wang, Baidu's
Chief Financial Officer, passed away on December 27, 2007 in an
accident in China during the Christmas holiday vacation. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO ) "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." Under Mr. Wang's leadership, Baidu
has built an effective financial reporting system in compliance
with the Sarbanes-Oxley Act. His duties will be assumed on an
interim basis by the senior management team, including the senior
finance personnel, until a successor is appointed. Mr. Wang joined
Baidu as its chief financial officer in September 2004, helping
lead the company through its successful initial public offering on
NASDAQ in August 2005, and through its recent inclusion in the
NASDAQ-100; making Baidu the first company from China to be
included in the index. He was named "CFO of the Year" by CFO
Magazine in 2005. About Baidu Baidu.com, Inc. is the leading
Chinese language Internet search provider. As a technology- based
media company, Baidu aims to provide the best way for people to
find information. In addition to serving individual Internet search
users, Baidu provides an effective platform for businesses to reach
potential customers. Baidu's ADSs, each of which represents one
Class A ordinary share, are currently trading on the NASDAQ Global
Market under the symbol "BIDU." Contacts For investor inquiries
please contact: Linda Sun Baidu.com, Inc. Tel: 10-8262-1188 Email:
For investor and media inquiries please contact: In China: Helen
Plummer Ogilvy Public Relations Worldwide (Beijing) Tel:
10-8520-3090 Email: In the US: Thomas Smith Ogilvy Public Relations
Worldwide (New York) Tel: 212-880-5269 Email:
http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGODATASOURCE:
Baidu.com, Inc. CONTACT: Linda Sun, Baidu.com, Inc., 10-8262-1188,
; In China: Helen Plummer, 10-8520-3090, , In the US: Thomas Smith,
+1-212-880-5269, , both of Ogilvy Public Relations Worldwide for
Baidu.com, Inc. Web site: http://www.baidu.com/
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