Xunlei Ltd (NASDAQ:XNET) Reports Engagement Of Chief Financial Officer

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Xunlei Ltd (NASDAQ:XNET) reported the appointment of Eric Zhou as its Chief Financial Officer, effective September 18, 2017. Zhou will replace Tao Thomas Wu, who offered his resignation as the Chief Financial Officer for personal reasons.

The details

Chen Lei, the Chief Executive Officer and Director of Xunlei, expressed that they are delighted to welcome Eric Zhou as their new CFO. They consider Zhou’s extensive expertise in global capital and finance markets will considerably contribute to company’s development. On behalf of company, they appreciate Wu for his significant dedication and contribution to the firm over the previous four years as CFO. They wish him all success for the next stage of his upcoming career.

Zhou has professional experience of twenty years covering financial planning and analysis, corporate finance, international and domestic investment project due diligence, and private equity investment and mutual fund research and management in China and in the U.S.

Most recently, Zhou was an interim CFO at ChinaCache International Holdings Limited. He was SVP of ChinaCache from September 2015 to June 2016. Zhou served as the CFO and vice president of finance from February 2010 to December 2014, at Sutor Technology Group Limited. Before that, Zhou served in different roles, including Chief Financial Officer and executive vice president at Richfield Investment Ltd.

Mr. Zhou earned a bachelor’s degree with honors in the field of Petroleum Management Engineering from renowned China Petroleum University. He is a Ph.D. in Interdisciplinary Energy & Mineral Resources and an MBA in Finance from the University of Texas. He is also a Chartered Financial Analyst.

In the last trading session, the stock price of Xunlei declined more than 7% to close the day at $6.11. The decline came at a share volume of 4.13 million compared to average share volume of 319,351. After the recent decline, the market cap of firm was noted at around $405 million.