Published: August 05, 2011
SGOCO Group, Ltd. Appoints David Xu as Chief Financial Officer
BEIJING - (BUSINESS WIRE) - SGOCO Group, Ltd. (NASDAQ: SGOC), (the "Company" or "SGOCO" ), a company
focused on building its own brands and retail distribution network in
the Chinese flat panel display market, including monitors, TVs, and
application specific products, today announced that David Xu has been
appointed Chief Financial Officer and Head of its Beijing Office.
David Xu's career in finance and accounting spans nearly 20 years in
both Asia and North America. His experience includes leading finance and
risk management positions with some of the world's best-known
organizations such as General Electric and Yum! Brands. His nearly 10
years in GE includes Six Sigma Black Belt experience leading large scale
strategic projects. He most recently served as CFO of China Maple Leaf
Educational Systems and prior to that, he was CFO of the World Bank
IFC/CUNA Mutual Insurance joint venture company. Mr. Xu has also acted
as an independent financial reporting consultant advising clients
including Manulife Financial, Zurich Financial Services and TD Bank
Financial Group. Mr. Xu holds an MBA in Corporate Finance from
University of Illinois at Chicago and a Bachelor's in English and
American Literature from Beijing Normal University.
"David brings the CFO expertise and hands-on experience in risk
management and financial reporting of Fortune 500 companies," said Mr.
Or, SGOCO's President and CEO. "His strong combination of skills and
experience will be an important addition to our executive management
team and will support his success as CFO of SGOCO, a financially solid,
fast-growing, marketing-driven company with multiple channels, multiple
brands, and with a strong focus on retail distribution."
About SGOCO Group, Ltd.
SGOCO Group, Ltd. is focused on building its own brands and retail
distribution network in the flat panel display market, including
monitors, TVs, and application specific products. With a network of
hundreds of SGOCO Image branded retail partners, the Company is rapidly
expanding in China's tier 3 and tier 4 cities. For more information
about SGOCO, please visit http://www.sgocogroup.com.
For investor and media inquiries:
SGOCO Group, Ltd. (China)
Bill
Krolicki
VP of Finance
+ 86-10-8587-0170
bill@sgoco.com
or
The
Equity Group Inc. (US)
Lena Cati, 212-836-9611
lcati@equityny.com
or
Linda
Latman, 212-836-9609
llatman@equityny.com
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