logo
Share SHARE
FONT-SIZE Plus   Neg

ChinaCast Education Names Derek Feng Chairman, Interim CEO Succeding Ron Chan

ChinaCast Education Corp.'s (CAST) board had appointed Derek Feng as chairman and interim chief executive officer or CEO, effective immediately, replacing Ron Chan, who was removed by the board from his role as Chairman and CEO. Director Doug Woodrum has been appointed as special advisor to the Chairman. Also, Director Doug Woodrum has been appointed as special advisor to the Chairman.

Feng has served on the company's board since January 2012. At the time of his appointment, Feng was a private investor and an advisor to education companies. From 2006 to 2011, he was the Executive Vice President, Strategy, Planning and Operations at Knowledge Universe. Considering Feng's appointment as interim CEO, director David Gao would replace Feng as a member of ChinaCast's compensation and special committees, the company added.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
Follow RTT