Communications & Media: VisionChina Seeks CFO
August 9, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — VisionChina Media Inc. (NASDAQ: VISN), a Chinese firm that offers advertising networks on mass transportation systems, said that its chief financial officer, Scott Chen, is resigning from his current role for personal reasons, effective August 13. The company said it has begun a search for his replacement.
In the interim, Stanley Wang, VisionChina Media's senior financial controller, will continue to manage the company's daily financial operations.
Helen Plummer, VisionChina investor relations officer and Colin Wang, the firm’s investor relations director, will continue to manage the company's investor relations department.
Wang, Plummer and Wang will report directly to Limin Li, VisionChina Media's chairman and chief executive officer until a new chief financial officer is appointed. Wang joined VisionChina as senior financial controller in March 2009.
Prior to joining VisionChina, Wang was an audit manager at KPMG Guangzhou.
China-based VisionChina Media operates an out-of-home advertising network on mass transportation systems, including buses and subways that reaches over 40 million viewers each day in China, according to CTR Market Research.
As of June 30, 2010 VisionChina Media's advertising network included 125,269 digital television displays on mass transportation systems in 23 of China's cities, including Beijing, Shanghai, Guangzhou and Shenzhen.
VisionChina Media offers the ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming.
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