LAS VEGAS, May 28, 2019 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence (AI) solutions and
digital media properties, today announced that it has
appointed Dr. Elizabeth Xu to its board of directors,
effective today, to replace outgoing Director William Grounds.
Mr. Grounds is resigning from the board, effective today, as a
result of increasing demands on his time from other endeavors.
"We are very pleased to welcome Dr. Xu to our Company's
board," said Kai-Shing Tao,
Chairman and Chief Executive Officer of Remark Holdings. "Following
our recent transition to a pure-play AI enterprise, we will benefit
greatly from Dr. Xu's transformational expertise, technology
insights and industry relationships as we focus on expanding in
Asia and efficiently scaling our
organization to pursue opportunities in the US and Europe. We look forward to working closely
with her as we execute on our strategic plan and continue to roll
out our AI solutions in the retail, safety and surveillance,
traffic monitoring and healthcare markets."
"As a former client of Remark, I was able to see firsthand the
strength and versatility of Remark's suite of AI solutions in
solving problems and delivering measurable results," commented Dr.
Elizabeth Xu. "I am very excited
about working with Remark's management and board in further
building on the Company's proprietary technology and introducing
tailored AI solutions to multiple industries."
"I was fortunate to serve on Remark's board during a period of
major transformation," said William
Grounds. "With an enviable portfolio of AI solutions, Remark
is well positioned to pursue a wide range of application
opportunities that are surfacing in diverse industries in
Asia and beyond."
Dr. Xu will be joining the Audit Committee, the Compensation
Committee, and the Nominating and Governance committee. She will
stand for re-election at the 2019 annual meeting of
stockholders.
Elizabeth Xu
Dr. Elizabeth Xu is an
international transformational technology leader and senior
business executive with more than 20 years of experience that
includes digital transformation through the application of
artificial intelligence, Internet-of-Things and other enterprise
technology to multiple businesses. She was a Stanford University lecturer for several years, and
she currently serves as an Innovation and Entrepreneurship Advisor
at the MIT Sloan School of Management
and sits on the advisory board of Women in Technology
International.
From 2018 to 2019, Dr. Xu served as the Group CTO at
Thailand-based Charoen Pokphand
Group (CP Group), one of the world's largest conglomerates, where
she drove the company's technology strategy and advancement, and
oversaw workforce re-training for more than 200 of the company's
subsidiaries in various industries. During that time period, she
also served as CEO of the CP Group subsidiaries in Thailand and the
United States that conducted CP Group's research and
development.
From 2014 to 2017, Dr. Xu held several leadership roles,
including serving as CTO, with BMC Software, Inc. (BMC), a global
leader in information technology service management. At BMC, she
was responsible for the company's Central Technology Organization
and Digital Service Management BU Engineering Organization.
Before joining BMC, Dr. Xu held senior management positions at
several other organizations, including Group Vice President of
product engineering at LiveRamp Holdings, Inc. (formerly known as
Acxiom Corporation), Global Senior Vice President of product
development at Deem (formerly known as Rearden Commerce) and Global
Senior Vice President of product development at Vitria Technology.
She started her management career at IBM in 1996, where she
developed the IBM Content Management Suite and DB2.
Dr. Xu earned a B.S. degree and an M.S. degree from Peking
University, as well as an M.S. in Computer Science and a Ph.D. in
Atmospheric Science from the University of
Nevada, Reno. She has also completed advanced
executive-education programs at Stanford Business School and
management training from Harvard Business
School.
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that enable businesses and organizations to
solve problems, reduce risk and deliver positive outcomes. The
company's easy-to-install AI products are being rolled out in a
wide range of applications within the retail, financial, public
safety and workplace arenas. The company also owns and operates
digital media properties that deliver relevant, dynamic content and
ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Company Contact:
Alison Davidson
Remark Holdings, Inc.
stao@remarkholdings.com
702-701-9514
Investor Relations Contact:
Brad
Edwards
The Plunkett Group, Inc.
Brad@ThePlunkettGroup.com
914-582-4187
View original content to download
multimedia:http://www.prnewswire.com/news-releases/remark-holdings-appoints-dr-elizabeth-xu-to-its-board-of-directors-300857316.html
SOURCE Remark Holdings, Inc.