AirNet Appoints Dan Shao To Replace Herman Man Guo As CEO

RTTNews | 985日前
AirNet Appoints Dan Shao To Replace Herman Man Guo As CEO

(RTTNews) - AirNet Technology Inc. (ANTE), formerly known as AirMedia Group Inc., announced Friday changes in its board of directors and management. The company appointed Dan Shao, the spouse of Herman Man Guo, as the chief executive officer to replace Guo, effective from September 9, 2022.

Guo has resigned as CEO of the Company for personal reasons, effective from September 9, 2022. Guo's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Guo will continue to serve as the chairman of the Board and interim chief financial officer of the Company.

Shao has served as a managing director of Air Media International (S) Pte Ltd, a company wholly owned by Shao, and as a managing director of Air Joy Media Private Limited, a subsidiary of AirNet, since December 2013 and November 2019, respectively.

In addition, she has served as an executive director of Multiway International Consultancy Pte Ltd. since November 2020 and as a business development director at Elmwood Group Pte Ltd since August 2021.

Shao also worked at Shandong Hongzhi Advertising Co. Ltd. from December 2004 to December 2006, and at Sun Television Cybernetworks Enterprise Ltd. from January 2003 to November 2004.

The Board has also nominated and appointed Shao as a director of the Board, effective from September 9, 2022.

Upon the effectiveness of Shao's appointment, the Board will consist of six directors, including three independent directors.

read more
Pound Advances After U.K. Inflation Data

Pound Advances After U.K. Inflation Data

The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
RTTNews | 1時23分前
Swiss Markets Ends Modestly Lower

Swiss Markets Ends Modestly Lower

The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
RTTNews | 3時3分前
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | 3時41分前
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
RTTNews | 8時21分前
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | 9時11分前
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.
RTTNews | 9時18分前
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | 9時51分前