BEIJING, Sept. 29, 2015 /PRNewswire/ -- Baidu, Inc.
(NASDAQ: BIDU) ("Baidu" or the "Company"), the leading Chinese
language Internet search provider, today announced changes to its
board composition. Mr. Brent Callinicos has been appointed as
a director and a member of the audit committee of the board of
directors of the Company. Mr. Yuanqing
Yang has been appointed as a director and a member of the
compensation committee of the board of directors of the Company.
Mr. Nobuyuki Idei and Mr.
Dejian Liu will step down from the
board, having fulfilled their term as a board member since
June 2007 and October 2013, respectively. These changes will be
effective on October 1, 2015.
"We are very excited to welcome Mr. Brent Callinicos and Mr. Yuanqing Yang to Baidu's Board of Directors.
Their extensive leadership experience and industry expertise will
bring significant value to Baidu as the Company moves into its next
stage of growth,'' said Robin Li,
Baidu's Chairman and CEO.
"On behalf of Baidu's Board of Directors, I would also like to
express my gratitude to Mr. Nobuyuki
Idei and Mr. Deijian Liu for their time, dedication and
valuable contribution to Baidu," continued Mr. Li.
Mr. Brent Callinicos most
recently served as CFO of Uber Technologies from 2013 to 2015,
where he remains an advisor. Prior to Uber, Mr. Callinicos served
as Vice President, Treasurer and Chief Accountant at Google from
2007 to 2013. From 1992 to 2007, he served in a variety of
increasingly senior roles at Microsoft; his last role was as
Corporate Vice-President, Divisional CFO for the Platforms and
Services Division. Mr. Callinicos is a CPA. He currently serves on
the Board of PVH and several private companies.
Mr. Yuanqing Yang is Chairman and
Chief Executive Officer of Lenovo Group. Mr. Yang joined Lenovo
Group in 1989, leading the company from its roots as a China-based PC maker to a diversified global
technology leader with $46 billion in
revenue last year. In 2011, Finance Asia voted Mr. Yang the Best
CEO in China. In 2004 and 2012,
Mr. Yang was named "CCTV China Annual Economic Figure". He was in
Barron's Best CEOs list in 2013, 2014 and 2015. In 2014, Mr.
Yang won the Edison Achievement Award for Innovation.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search
provider. As a technology-based media company, Baidu aims
to provide the best and most equitable way for people to find what
they're looking for. In addition to serving individual Internet
search users, Baidu provides an effective platform for
businesses to reach potential customers. Baidu's ADSs
trade on the NASDAQ Global Select Market under the symbol "BIDU".
Currently, ten ADSs represent one Class A ordinary share.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Baidu
may also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Baidu's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. Further information
regarding such risks is included in our annual report on Form 20-F
and other documents filed with the Securities and Exchange
Commission. Baidu does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release is as of the date of
the press release, and Baidu undertakes no duty to update such
information, except as required under applicable law.
For investor and media inquiries, please contact:
Sharon Ng
Baidu, Inc.
Tel: +86-10-5992-4958
Email: ir@baidu.com
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SOURCE Baidu, Inc.