KongZhong (KONG) CEO To Resign
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KongZhong Corporation (Nasdaq: KONG) announced that Yunfan Zhou, a co-founder of the Company, has notified the Company's Board of Directors of his intention to resign from his position as the Chief Executive Officer, effective from October 13, 2008, for personal reasons. Mr. Zhou will continue to serve as the Chairman of the Board.
Nick Yang, co-founder of the Company with Mr. Zhou, will continue to serve in all of his current positions at the Company, as Director, President and Chief Technology Officer. In addition, the Board has elected Mr. Yang as the Vice Chairman of the Board, effective immediately.
The Company is currently considering a number of strong candidates for the CEO position and anticipates a smooth transition.
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