ChinaCast Education Corp.'s (CAST: Quote) 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
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