China’s Linktone appoints Michael Li new CEO
SHANGHAI, April 3 (Reuters) – Wireless media company Linktone Ltd. said on Monday it had appointed its former chief operating officer Michael Li as its new chief executive.
Li, Linktone’s chief operating officer from 2003 until January this year, assumes the post following the resignation of previous chief executive Raymond Yang in February, the company said in a statement.
Shanghai-based Linktone also announced it had completed most of its restructuring plan at the end of the first quarter, which would improve the company’s financial performance in 2006.
Shares in Shanghai-based Linktone have fallen 37 percent since the end of last year.