Demand Media (DMD) Promotes SVP Tang to CFO

June 14, 2012 5:06 PM EDT
Demand Media (NYSE: DMD) today announced that Senior Vice President, Finance and Treasurer Mel Tang will be promoted to Chief Financial Officer effective August 16, 2012, and that concurrently Demand Media’s President and CFO Charles Hilliard will become Special Advisor to the Board of Directors. The company also announced that it is reaffirming its financial guidance for the second quarter ending June 30, 2012, and full year ending December 31, 2012.

Tang is being promoted from his role as Senior Vice President, Finance and Treasurer, where he has been responsible for financial planning and analysis, and the treasury function for Demand Media. Prior to joining the company, Tang was a Director in the media investment banking group at UBS, worked at early stage venture capital firm Prime Ventures, and was an investment banking analyst at Donaldson, Lufkin & Jenrette. Tang graduated magna cum laude from the University of Pennsylvania, where he earned dual Bachelor of Science degrees in Finance and Mechanical Engineering.

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