Global Education Announces Resignation of CFO Hannah Lee and Appointment of COO Xu Zhang
August 24 2011 - 4:01PM
Global Education & Technology Group Limited (Nasdaq:GEDU)
("Global Education" or the "Company"), the largest test preparation
provider for the International English Language Testing System
("IELTS") and a leading provider of educational courses and related
services in China, today announced that Hannah Lee, its Vice
President and Chief Financial Officer, is resigning from her
positions at the Company for personal reasons, effective September
15, 2011.
Ms. Lee joined Global Education in November 2009 and made
important contributions to the Company's growth and development,
including guiding the Company through its successful initial public
offering in October 2010, and enhancing the Company's financial
systems and internal controls.
The Company is in the process of engaging a professional search
firm to assist in appointing a successor. Ms. Lee will also assist
in the search to facilitate a smooth transition.
"Hannah has made significant contributions to the Company's IPO
process, financial management and investor relations. We are
grateful for her service to the Company and wish her well in her
new endeavors," said David Yongqi Zhang, Founder and CEO of Global
Education. "We have initiated the process of hiring a new Chief
Financial Officer, and will take the time necessary to ensure that
we find a strong candidate to build on Hannah's
accomplishments."
"It has been a great experience working with Global Education
and its management. I wish the team well," commented Ms. Lee.
The Company further announced the appointment of Ms. Xu Zhang as
the Chief Operating Officer, effective August 17, 2011. In her
role, Ms. Zhang will be responsible for the strategic and
operational leadership of Global Education, overseeing corporate
operations and human resources.
Ms. Zhang has rich experience in human resources, business
management training and consulting. From June 2007 to August 2011,
Ms. Zhang served as the HR Executive Director of Lenovo (Beijing)
Limited. Previous to this, she worked for Nortel Networks (China)
Limited from October 2005 to June 2007 providing HR consultation
and solutions. Ms. Zhang received her master's degree in business
administration and strategic management from the University of
Western Sydney in 2002, a master's degree in applied linguistics
from South China University of Technology in 1991, and a bachelor's
degree in English from Sichuan Normal University in 1989.
"I am delighted to announce the appointment of Ms. Zhang as our
COO. She brings with her a unique blend of business management
training, consulting and human resources experience. We look
forward to her strategic and operational contributions to the
Company." said David Yongqi Zhang.
About Global Education
Global Education & Technology Group Ltd. (Nasdaq:GEDU) is
the largest test preparation provider for IELTS and a leading
provider of educational courses and related services in China.
Under its "Global" brand, the Company also offers diversified
services that span a student's educational life cycle, including
after-school courses, overseas study consulting, and professional
certification test preparation. As of March 31, 2011, the Company's
network comprised 95 directly operated and 284 franchised learning
centers across China, as well as an online course delivery platform
with more than one million registered members. For more
information, please visit www.gedu.org.
CONTACT: Global Education & Technology Group Ltd.
Fay Zhang, VP
Phone: +86 10 6212 5800
E-mail: ir@gedu.org
ICR Inc.
Rob Koepp
Phone: +86-10-6583-7516 or +1-646-328-2520
E-mail: robert.koepp@icrinc.com
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