21Vianet Group, Inc. Expands Leadership Team
BEIJING, July 10, 2013 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET)
("21Vianet" or the "Company"), the largest carrier-neutral internet data
center services provider in China, today announced that its board of directors
has appointed Mr. Frank Meng, a telecommunications and IT veteran with almost
30 years of experience, as President of the Company effective July 8, 2013.
Mr. Meng succeeds Mr. Shang Hsiao, who has been served as both the President
and Chief Financial Officer since 2010. Mr. Shang Hsiao will remain in the
role of Chief Financial Officer to continue to oversee the Company's finance,
legal, mergers and acquisitions, investor relations, internal control
activities as well as the Company's strategic partnership with Microsoft for
the premier commercial cloud services.
Mr. Meng will be responsible for the Company's strategic planning, branding
and marketing, government affairs and strategic initiatives. Prior to joining
21Vianet, Mr. Meng served as Senior Vice President and President of Greater
China for Motorola Mobility, LLC ("Motorola"), a wholly owned subsidiary of
Google Inc., where he managed all the aspects of Motorola's business and sales
operations in mainland China, Hong Kong and Taiwan. Prior to joining Motorola,
Mr. Meng served as Senior Vice President and President of Qualcomm, Inc
("Qualcomm") in the greater China region and served on the board of directors
for Unicom-BREW Telecommunication Technologies, the joint venture between
China Unicom and Qualcomm. Earlier in his career, he had held executive
positions in other leading technology firms in Asia and the U.S. including
Tecom Asia Group, Asia.com Inc., Leyou.com Inc., Infocomm International Corp.,
and Allen Telecom Inc. Mr. Meng is a member of the Expert Committee for
Telecommunication Economy (ECTE) of China's Ministry of Industry and
Information Technology. Mr. Feng received his Master of Science in Electrical
Engineering (MSEE) from the Polytechnic University of New York and a
bachelor's degree in microwave and fiber optics from Beijing University of
Posts and Telecommunications.
Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company,
stated, "We are very excited to further enhance our executive management team
as we aim to continue driving rapid growth both organically and via strategic
partnerships. Frank's extensive industry experience, technical expertise and
advanced management skills will be valuable to 21Vianet's future success. We
believe the increased depth and competency of our executive team will help us
strengthen our market leadership and growth momentum as we expand our client
offerings and accelerate revenue growth going forward."
21Vianet Group, Inc. is the largest carrier-neutral internet data center
services provider in China. 21Vianet provides hosting and related services,
managed network services, cloud infrastructure services, and content delivery
network services, improving the reliability, security and speed of its
customers' internet infrastructure. Customers may locate their servers and
networking equipment in 21Vianet's data centers and connect to China's
internet backbone through 21Vianet's extensive fiber optic network. In
addition, 21Vianet's proprietary smart routing technology enables customers'
data to be delivered across the internet in a faster and more reliable manner.
21Vianet operates in 43 cities throughout China, servicing a diversified and
loyal base of more than 2,000 customers that span many industries ranging from
internet companies to government entities and blue-chip enterprises to small-
to mid-sized enterprises.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking
statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These statements can be identified
by terminology such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among other things,
the quotations from management in this announcement, as well as 21Vianet's
strategic and operational plans, contain forward-looking statements. 21Vianet
may also make written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission, in its
annual reports to shareholders, in press releases and other written materials
and in oral statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including statements about
21Vianet's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not limited to the
following: 21Vianet's goals and strategies; 21Vianet's expansion plans; the
expected growth of the data center services market; expectations regarding
demand for, and market acceptance of, 21Vianet's services; 21Vianet's
expectations regarding keeping and strengthening its relationships with
customers; 21Vianet's plans to invest in research and development to enhance
its solution and service offerings; and general economic and business
conditions in the regions where 21Vianet provides solutions and services.
Further information regarding these and other risks is included in 21Vianet's
reports filed with, or furnished to the Securities and Exchange Commission.
21Vianet does not undertake any obligation to update any forward-looking
statement, except as required under applicable law. All information provided
in this press release and in the attachments is as of the date of this press
release, and 21Vianet undertakes no duty to update such information, except as
required under applicable law.
CONTACT: Investor Relations Contact:
21Vianet Group, Inc.
+86 10 8456 2121
+1 (646) 405-4922
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