Board Resignations and Appointments at New Oriental
New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) announced significant changes to its board on the New York Stock Exchange on December 11, 2024. Dr. John Zhuang Yang has resigned from his position as an independent director, effective December 16, 2024. Along with his resignation, he has stepped down from several committees, including the audit committee and the compensation committee.
In a strategic move, Dr. Yue Zhuge has been appointed as the new independent director, taking over Dr. Yang’s roles within the company. Dr. Zhuge is set to become a vital member of the audit committee and the compensation committee, along with chairing the nominating and corporate governance committee.
With a strong background in tech and education, Dr. Zhuge has been a partner at NGP Capital since June 2023 and has previously managed substantial projects at Hulu Beijing and other notable tech firms. Her academic credentials include advanced degrees in computer science from Stanford University and Stony Brook University.
According to the Company’s articles of association, Dr. Zhuge’s directorship will last until her re-election at the first annual general meeting following her appointment.
About New Oriental
New Oriental provides a broad spectrum of educational services across China, specializing in private education, test preparation, and overseas study consulting. As a significant player in the educational market, New Oriental’s shares are traded on the NYSE and the SEHK, highlighting its expansive reach and financial credibility.
For more details, visit their official website at New Oriental.
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