Changyou.com Announces Management Changes to Support Strategic Initiatives
BEIJING, Jan. 11, 2013
BEIJING, Jan. 11, 2013 /PRNewswire/ -- Changyou.com Limited ("Changyou" or the
"Company") (NASDAQ: CYOU), a leading online game developer and operator in
China, today announces changes in the duties of some members of management and
the creation of the new position of chief information officer to support the
Company's strategic initiatives.
(Logo: http://photos.prnewswire.com/prnh/20090402/CNTH020 )
Mr. Xiaojian Hong, the former chief technology officer of Changyou, has
assumed the position of chief operating officer of Changyou from Mr. Dewen
Chen, and will lead the game development and game operations functions.
Mr. Dewen Chen continues his position as president of Changyou, and will focus
full time on corporate strategic planning and lead the organizational
In addition, the Company has created the new position of chief information
officer to lead the Company's strategy implementation efforts and development
of overall project management systems. The Company has appointed Ms. Wendy Pan
to this new position effective January 7, 2013. Ms. Pan, who has extensive
experience in both areas, will report directly to Mr. Dewen Chen. From 1997 to
2012, Ms. Pan worked as a senior executive at Huawei Technology Co., Ltd.,
where she was mainly responsible for managing the execution of Huawei's
strategies and project management, as well as leading teams on
transformational projects that include the implementation of IPD (integrated
product development) and IFS (integrated financial services).
Regarding the new appointments and management changes, Mr. Tao Wang, the
Company's chief executive officer, commented, "These management changes come
at a time when Changyou's business is expanding and the Company is pushing
forward the development of strategic initiatives in new game markets.
Successfully carrying out these initiatives will require effective and
efficient strategy implementation and business management systems. The
expanded management structure enables the Company to better capitalize on the
many opportunities in front of us. The executive team looks forward to Ms.
Pan's contributions in her role as the Company moves forward."
Changyou.com Limited (NASDAQ: CYOU) is a leading developer and operator of
online games in China with a diverse portfolio of online games that includes
Tian Long Ba Bu, one of the most popular massively multi-player online ("MMO")
games in China, and DDTank and Wartune (also known as Shen Qu), which are two
popular web games in China. Changyou also owns and operates the 17173.com
website, a leading game information portal in China. Changyou began operations
as a business unit within Sohu.com Inc. (NASDAQ: SOHU) in 2003, and was carved
out as a separate, stand-alone company in December 2007. It completed an
initial public offering on April 7, 2009. Changyou has an advanced technology
platform that includes advanced 2.5D and 3D graphics engines, a uniform game
development platform, effective anti-cheating and anti-hacking technologies,
proprietary cross-networking technology and advanced data protection
technology. For more information, please visit
For investor and media inquiries, please contact:
Ms. Angie Chang
Tel: +86 (10) 6861-3688
In the United States:
Mr. Jeff Bloker
Tel:+1 (480) 614-3003
SOURCE Changyou.com Limited
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