500.com Ltd (WBAI) Appoints New CFO Aug 20, 2014 06:59AM

500.com Ltd (NYSE: WBAI) announced that Mr. Zhengming Pan, the Company's current Chief Financial Officer, has been appointed to the new position of President. Mr. Pan will be succeeded as Chief Financial Officer by Mr. Min Yu. Both appointments will be effective September 1, 2014.

Mr. Yu previously served as a vice president at Deutsche Bank in Hong Kong, where he focused on equity, bond and M&A transactions and executions from 2010 to 2014. Mr. Yu was part of the Deutsche Bank team that worked on 500.com's IPO in 2013. Prior to joining Deutsche Bank, Mr. Yu worked at Macquarie Capital Advisors in Shanghai and Hong Kong from 2007 to 2010. Mr. Yu received a Bachelor of Commerce degree, major in Finance and Accounting from the University of Melbourne.

ChinaCache International (CCIH) Reports Q2 EPS of RMB0.26; Appoints New CFO Aug 20, 2014 06:32AM

ChinaCache International (NASDAQ: CCIH) reported Q2 EPS of RMB0.26, versus RMB0.48 reported last year. Revenue for the quarter came in at RMB346.3 million, versus RMB257.73 million reported last year.

The company also named Jing An as Chief Financial Officer ("CFO"), effective immediately. Ms. An joined ChinaCache as acting CFO and Vice President of Finance in March of 2013.

Ms. An has held senior corporate finance and management positions in technology and startup companies for more than 10 years, including Rekoo Media Ltd. from 2010 to 2012, Cooloft Technology Ltd. from 2007 to 2009, and eFriendsNet Entertainment Ltd. from 2003 to 2006. Before that Ms. An worked at PricewaterhouseCoopers in Beijing as an senior auditor. Ms. An holds a master of science degree in management from the Stanford Graduate School of Business and a bachelor's degree in economics with a major in accounting from the Renmin University of China

For earnings history and earnings-related data on ChinaCache International (CCIH) click here.

Nokia (NOK) HERE CEO Steps Down Aug 20, 2014 06:09AM

Nokia (NYSE: NOK) announced that Michael Halbherr has decided to step down as CEO of HERE and as a member of the Nokia Group Leadership Team, effective September 1, 2014, in order to pursue his own entrepreneurial interests outside of the company.

“I would like to thank Michael for his leadership, passion and achievements during his eight years with Nokia,” said Rajeev Suri, President and CEO of Nokia. “He has played a key role in making HERE one of the strongest players in its sector, with a depth and breadth that is unique. He leaves with my best wishes and the gratitude of all of Nokia.”

Cliff Fox, currently Senior Vice President, Core Map Group, at HERE, will assume the position of acting head of HERE, effective September 1, 2014. A search for a permanent leader of HERE will start immediately inside and outside the organization.

Michael Halbherr said: “It has been a pleasure and honor to work with remarkable and smart people during my time at Nokia and HERE. I am proud that we have been able to create a leading location cloud company widely recognized across industries, by customers and by opinion leaders. Now the time is right for me to focus once again on entrepreneurial activities. I wish the team the best of success for the future.”

Stifel Maintains Gordmans (GMAN) at 'Hold' Following New CEO Appointment Aug 19, 2014 05:23PM

Stifel maintains its Hold rating on Gordmans Stores (Nasdaq: GMAN) following news of a new CEO appointment.

Analyst Richard Jaffe said, we believe that, at the current share price, the reward is limited and risk remains significant, given the uncertainty inherent to executing an ongoing turnaround.

For an analyst ratings summary and ratings history on Gordmans Stores click here. For more ratings news on Gordmans Stores click here.

Gordmans Stores closed at $3.14 yesterday.

Windstream (WIN) COO Whittington Resigns; Position Will be Eliminated Aug 19, 2014 05:01PM

Windstream (Nasdaq: WIN) announced that Chief Operating Officer Brent Whittington is resigning effective Sept. 1.

The company also announced it will eliminate the chief operating officer position after Whittington's departure and assign the duties principally between Mark Faris, executive vice president of operations, and Randy Nicklas, executive vice president of engineering and chief technology officer. Faris and Nicklas will report directly to President and CEO Jeff Gardner.

"Brent has been instrumental to Windstream's success from our formation as a company and throughout our transformation. I thank him for his leadership and counsel, and I wish him the very best in the future," Gardner said. "Mark and Randy are veteran telecom leaders committed to delivering operational excellence, and I look forward to working with them directly to drive our vision to be the premier enterprise communications and services provider."

"I'm very proud of all we've accomplished over the past eight years. It has been an amazing period in my career and I will be forever thankful to have worked with such a fantastic team," Whittington said. "Windstream is in a great position with a strong leadership team and talented employees. I'm confident in the company's ability to successfully execute its vision."

Whittington was named chief operating officer in August 2009. He served as executive vice president and chief financial officer of the company from December 2005 to August 2009. He previously served as senior vice president of operations for Alltel Corp.

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