Sina Chairman Yongji Duan Exits Board
NEW YORK – Chinese Internet portal operator Sina Corp. said Monday that its board chairman, Yongji Duan, departed from the board, effective immediately.
Duan is no longer a director and is also no longer on the company’s compensation committee.
The company did not disclose a reason for Duan’s departure.
Sina said it named the Yan Wang, who had been the vice chairman of its board, as acting chairman, effective immediately.
Sina shares fell 49 cents to $35.03 in afternoon trading.