Corporate News

21Vianet Group, Inc. Announces Change in Leadership Team


BEIJING, June 22, 2015 (GLOBE NEWSWIRE) – 21Vianet Group, Inc. (Nasdaq:VNET) (“21Vianet” or the “Company”), a leading carrier-neutral internet data center services provider in China, today announced that Mr. Shang-Wen Hsiao, its Chief Financial Officer, has decided to resign from his current role and will serve as an advisor to the Board of Directors effective July 1, 2015. Mr. Hsiao has served as the Company’s CFO since June 2010. The Company also announced that Mr. Terry Wang will succeed Mr. Hsiao as Chief Financial Officer of 21Vianet.

Mr. Wang will be undertaking the Company’s finance, legal, merger and acquisitions, capital markets and investor relations and internal control responsibilities. Prior to joining 21Vianet, Mr. Wang has served as the Company’s independent director and Chair of the Audit Committee since April 2011. Mr. Wang has over 20 years of extensive experience in international financial service industry and management experience in technology, manufacturing industries and capital markets. Mr. Wang has been the chief financial officer since 2014 at GalaxyCore, a company for designing and providing CMOS image sensor. From 2008 to 2014, Mr. Wang served as the chief financial officer at Trina Solar Ltd., a company listed on the New York Stock Exchange. Prior to joining Trina Solar Ltd., Mr. Wang served as the executive vice president of finance of Spreadtrum Communications, Inc., a wireless and fabless semiconductor company listed on NASDAQ, from 2004 to 2007. Mr. Wang received an MBA from University of Wisconsin and Master of Science degrees from Brown University. Mr. Wang received his master and bachelor’s degrees from Fudan University.

Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company, stated: “We welcome Mr. Wang as 21Vianet’s new Chief Financial Officer. His broad financial experience and deep operating knowledge make him an ideal addition to 21Vianet’s management team in helping to guide 21Vianet through the next stages of its transformation and further strengthening the Company’s leadership position in its industry. Furthermore, I would like to thank Mr. Hsiao for his many contributions during the past five years. I appreciate his dedication with the Company and the important leadership he has played in not only enhancing the Company’s financial foundation, but also helping to steer 21Vianet through one of its most successful periods of growth. We all wish him every success in the future.”

Mr. Hsiao said: “It has been an incredibly rewarding experience at 21Vianet and I would like to thank everyone associated with 21Vianet for the opportunity to contribute to the Company over the past five years. I am delighted with the progress 21Vianet has made over the past five years and proud of many achievements we have made both financially and strategically. I came to 21Vianet with the belief of its strategic direction and I’m leaving with even greater confidence in the Company’s opportunity as a leader in China’s internet infrastructure sector.”