BEIJING, Nov. 4 /Xinhua-PRNewswire/ -- Vimicro Corporation
(Nasdaq: VIMC), a leading fabless semiconductor company that designs and
develops advanced mixed signal multimedia semiconductor products and
solutions,
is pleased to announce Dr. Yingyi Qian has joined Vimicro as an independent
board director and audit committee member, as well as the promotions of Kevin
Jin to president and chief operating officer, Raymond Zhang to senior vice
president and general manager of the mobile multimedia business unit, Jun Zhu
to general manager of the PC multimedia business unit, Mike Yu to general
manager of the advanced multimedia business unit and Dave Yang to general
manager of the consumer electronic business unit.
Dr. Qian currently serves as dean of Tsinghua University School of
Economics and Management and as a professor of economics at the University of
California at Berkeley. As a renowned Chinese economist and expert in
management studies, Dr. Qian has advised leading Chinese companies on
restructuring and other important governance issues. He currently serves as
an independent director and audit committee member of China Netcom Group
Corporation and Industrial and Commercial Bank of China, which recently
completed the world's largest IPO. Prior to joining the Berkeley faculty, Dr.
Qian taught in the Department of Economics at Stanford University and the
University of Maryland. Dr. Qian graduated from Tsinghua University in 1981
with a B.S. in mathematics. He received his Ph.D. in economics from Harvard
University in 1990, after earning an M.Phil. in management science/operations
research from Yale University and an M.A. in statistics from Columbia
University.
In recognition for his outstanding marketing and sales efforts, Kevin Jin,
previously chief operating officer and vice president of sales at Vimicro, has
been appointed president and chief operating officer, responsible for the
company's daily management and operations. Jin co-founded Vimicro in 1999
together with Dr. John Deng, Vimicro chairman and CEO and Dr. Dave Yang,
Vimicro chief technology officer. He has been instrumental in expanding the
company's sales and distribution capabilities to attract leading domestic and
international customers. He has served on Vimicro's board of directors since
2004.
In recognition for his achievements, Raymond Zhang, previously vice
president of marketing of Vimicro, has been promoted to senior vice president
and general manager of the mobile multimedia business unit. Zhang has played
a key role in developing the company's multimedia capabilities in the mobile
sector. Under Zhang's leadership, Vimicro has increased its mobile multimedia
revenue with over 200 models of handset design wins and has penetrated
strategic tier-one customers. Last week, the company announced that Samsung
Electronics, one of the world's largest handset manufacturers, has adopted
Vimicro's high-end ringtone processors in two of its latest handsets. The
handsets, which were designed and manufactured to meet the increasing global
consumer demand for multimedia features, are currently being marketed by
leading wireless providers in the United States and Canada.
In addition, Jun Zhu, vice president of engineering of Vimicro, has been
appointed general manager of PC multimedia business unit, Dr. Mike Yu, vice
president of algorithms and software of Vimicro, has been appointed general
manager of the advanced multimedia business unit and Dr. Dave Yang, CTO of
Vimicro, has been appointed general manager of the consumer electronic
business unit. With over 16 years of design experience, Zhu has been
instrumental in developing Vimicro's PC multimedia business. In addition to
leading the Microsoft-Vimicro Multimedia Technology Center, Dr. Yu has been
critical in advancing Vimicro's imaging capabilities. Prior to joining
Vimicro, Zhu served as a senior manager at Intel in California and Dr. Yu
served as a senior research scientist at Eastman Kodak in New York.
Dr. John Deng will continue to serve as chairman and CEO of Vimicro,
overseeing the company's strategic development and global operations.
"We are delighted that Dr. Qian has joined our board of directors," said
Dr. Deng. "He is a world-renowned leading economist. In addition to his
academic and management expertise, Dr. Qian's corporate governance and
advisory experience in leading global listed companies will be a tremendous
asset to Vimicro. Our team will benefit greatly from his leadership,
experience and passion for promoting innovative companies."
Dr. Deng also commented, "Kevin, Raymond, Jun and Mike have all played
essential roles in leading Vimicro to become the world leading semiconductor
company for PC cameras and mobile multimedia applications. Since joining
Vimicro, they have demonstrated outstanding leadership, management
capabilities and passions. I am confident that they are well prepared to
further grow our company and penetrate more tier-one customers."
Tom Zhang has resigned as vice president and board director of Vimicro for
personal reasons.
About Vimicro
Vimicro International Corporation is a leading fabless semiconductor
company in China that designs, develops and markets proprietary embedded
multimedia signal processing chips and solutions that enable multimedia
applications for mobile phones over 2.5G/3G networks and PCs over broadband
Internet.
http://www.vimicro.com/english
