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VNET Announces Changes to Leadership Team

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VNET Group, Inc. announced changes to its leadership team with the resignation of Mr. Jeff Dong as CEO due to personal reasons. Mr. Josh Sheng Chen has been appointed as the interim CEO. The Company will announce the permanent CEO in the future. Mr. Chen will focus on driving the dual-core growth strategy and delivering value to stakeholders.
VNET Group, Inc. ha annunciato modifiche al suo team di leadership con le dimissioni di Mr. Jeff Dong dal ruolo di CEO per motivi personali. Mr. Josh Sheng Chen è stato nominato CEO ad interim. La società annuncerà il CEO definitivo in futuro. Mr. Chen si concentrerà sulla promozione della strategia di crescita dual-core e sulla creazione di valore per gli stakeholder.
VNET Group, Inc. anunció cambios en su equipo de liderazgo con la renuncia del Sr. Jeff Dong como CEO por razones personales. El Sr. Josh Sheng Chen ha sido nombrado como CEO interino. La compañía anunciará al CEO permanente en el futuro. El Sr. Chen se enfocará en impulsar la estrategia de crecimiento dual-core y en generar valor para los stakeholders.
VNET 그룹, 주식회사가 리더십 팀의 변화를 발표했습니다. 제프 동 CEO가 개인적인 이유로 사임함에 따라 조시 셩 첸이 임시 CEO로 임명되었습니다. 회사는 향후 영구 CEO를 발표할 예정입니다. 첸 씨는 이중 핵심 성장 전략을 추진하고 이해 관계자에게 가치를 전달하는 데 집중할 것입니다.
VNET Group, Inc. a annoncé des changements dans son équipe de direction avec la démission de M. Jeff Dong en tant que PDG pour des raisons personnelles. M. Josh Sheng Chen a été nommé PDG par intérim. La société annoncera le PDG permanent à l'avenir. M. Chen se concentrera sur la promotion de la stratégie de croissance bicœur et sur la création de valeur pour les parties prenantes.
VNET Group, Inc. hat Änderungen in seinem Führungsteam bekannt gegeben, mit dem Rücktritt von Herrn Jeff Dong als CEO aus persönlichen Gründen. Herr Josh Sheng Chen wurde als Interims-CEO ernannt. Das Unternehmen wird in Zukunft einen dauerhaften CEO bekannt geben. Herr Chen wird sich darauf konzentrieren, die Dual-Core-Wachstumsstrategie voranzutreiben und Wert für die Stakeholder zu liefern.
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BEIJING, April 22, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that Mr. Jeff Dong has resigned from his position as the Company's Chief Executive Officer due to personal reasons. Mr. Josh Sheng Chen, Founder and Co-chairperson of VNET, has been appointed to succeed Mr. Dong as the Company's interim CEO, effective immediately. The Company will announce once the appointment of the permanent CEO has been confirmed.

Mr. Chen commented, "On behalf of the Company, we would like to express our sincere appreciation for Jeff's outstanding contributions to our achievements during his tenure as CEO. We wish him continued success in his future endeavors.

"Meanwhile, I am pleased to take on the role of interim CEO of the Company. Before the onboarding of the permanent CEO, I will oversee the day-to-day operations, driving the dual-core growth strategy for the Company and delivering long-term, sustainable value for all of our stakeholders."

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,500 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement 

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com 

Cision View original content:https://www.prnewswire.com/news-releases/vnet-announces-changes-to-leadership-team-302123134.html

SOURCE VNET Group, Inc.

FAQ

Why did Mr. Jeff Dong resign from VNET Group, Inc.?

Mr. Jeff Dong resigned from his position as the CEO of VNET Group, Inc. due to personal reasons.

Who has been appointed as the interim CEO of VNET Group, Inc.?

Mr. Josh Sheng Chen, Founder and Co-chairperson of VNET, has been appointed as the interim CEO of VNET Group, Inc.

What is the growth strategy that Mr. Josh Sheng Chen will focus on?

Mr. Josh Sheng Chen will focus on driving the dual-core growth strategy for VNET Group, Inc.

When will the permanent CEO of VNET Group, Inc. be announced?

The Company will announce the permanent CEO of VNET Group, Inc. in the future.

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