Allied Esports Entertainment Announces Changes to Senior Management and Board of Directors
18 Febrero 2022 - 8:18AM
Business Wire
Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the
“Company”), a global esports entertainment company, today announced
that Libing (Claire) Wu has resigned as Chief Executive Officer,
effective February 18, 2022. The Company’s Board of Directors (“the
Board”) also announced the immediate appointment of Lyle Berman,
the Company’s co-Chairman, as Interim Chief Executive Officer, and
Mr. Berman relinquished his position as President. Mr. Berman has
served as a director of the Company since May 2017.
In addition, effective February 18, 2022, the Company also
appointed Yinghua Chen, the Company’s Chief Investment Officer, as
President and Secretary of the Board, as well. Yinghua Chen has
served as a Director of the Company since July 2020. With the newly
assumed positions, she will take on a more active role in the
Company’s operational management in addition to M&A
activities.
“Over the past several months, we have made substantial progress
in our previously stated objective to identify opportunities to
invest the cash on our balance sheet to acquire or merge with an
existing business,” said Mr. Berman. “Claire has been an important
part of this effort. I’d like to thank her for her service to the
Company and wish her all the best in her future pursuits.”
Mr. Berman continued, “I look forward to my expanded role as
Interim Chief Executive Officer and working closely with Yinghua
Chen in our ongoing M&A activities to find the absolute best
opportunity available to the Company to maximize value for our
shareholders.”
Board of Directors
On February 18, 2022, Jerry Lewin resigned as a Class C Director
of the Company. As such, the Board has appointed Yushi Guo to serve
as a Class C Director on the Board effective February 18, 2022.
Mr. Yushi Guo has broad experience in management consulting,
board advisory and entrepreneurship. He is the founder and CEO of
PanoSoar Management Technology Co., Ltd, a company that builds
technological platforms for small and medium-sized businesses. In
2011, Mr. Guo founded Beijing Panorfinity Consulting Co., Ltd.,
which offers management consulting, board advisory and executive
search services. Prior to founding Beijing Panorfinity Consulting
Co., Ltd., Mr. Guo served at a client partner at Korn Ferry
International from 2009 - 2011 and Gallup Consulting from 2003 -
2009. Mr. Guo currently serves as an independent non-executive
director of Ourgame International Holdings Limited. Mr. Guo holds a
Master of Science in Ecology and Bachelor of Science from Beijing
Forestry University, and Master of Business Administration from
Emory University.
About Allied Esports Entertainment
Allied Esports Entertainment (NASDAQ: AESE) is a global esports
entertainment venture dedicated to providing transformative live
experiences, multiplatform content and interactive services to
audiences worldwide. For more information, visit
alliedesports.gg.
Forward-Looking Statements
This communication contains "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of
1995. Forward-looking statements may relate to future results,
strategy and plans of Allied Esports Entertainment, Inc. and the
World Poker Tour (collectively, the "Companies") (including certain
projections and business trends, and statements, which may be
identified by the use of the words "plans", "expects" or "does not
expect", "estimated", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might", "projects", "will" or "will be taken", "occur" or
"be achieved"). Forward-looking statements are based on the
opinions and estimates of management of the Companies as of the
date such statements are made, and they are subject to known and
unknown risks, uncertainties, assumptions and other factors that
may cause the actual results, level of activity, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, each Company’s
respective revenues and operating performance, general economic
conditions, industry trends, legislation or regulatory requirements
affecting the business in which it is engaged, management of
growth, its business strategy and plans, the result of future
financing efforts and its dependence on key personnel, and the
ability to retain key personnel. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. These forward-looking statements are made
only as of the date hereof, and no Company undertakes any
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220217006004/en/
Investor Contact: Lasse Glassen Addo Investor Relations
lglassen@addoir.com 424-238-6249
Media Contact: Brian Fisher Allied Esports Entertainment
brian@alliedesports.com
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