BEIJING
(Map)
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BEIJING, March 21 /Xinhua-PRNewswire/ -- Baidu.com, Inc. (Nasdaq: BIDU),
the leading Chinese language Internet search provider, today announced the
appointment of Jennifer Li as chief financial officer, effective March 31,
2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO )
"We are thrilled to welcome
Jennifer Li to our senior management team at
Baidu," said Robin Li, Baidu's chairman and chief executive officer. "Jennifer
is an experienced financial leader who brings over 13 years of treasury,
corporate finance and financial analysis experience. She has worked in the
manufacturing and financial service industries and has a proven track record
of leading finance functions. We look forward to drawing upon Jennifer's vast
strategic and financial expertise as we continue to lead China's growing
Internet search market."
Jennifer Li joins Baidu from GMAC, where she served as Controller of
GMAC's North American Operations. In that role, she led a staff of 200 in the
US and Canada and was primarily responsible for financial accounting and
reporting, business planning and forecasting, performance analysis and
strategic development. Prior to that, Li was chief financial officer of
General Motors China where she was responsible for overseeing finance
functions of GM's wholly owned and joint venture businesses. Over the years Li
has held several other finance positions at General Motors in China, Singapore,
the United States and Canada.
Li holds a Master of Business Administration from the University of
British Columbia in Vancouver, B.C., Canada and a Bachelor of Arts from
Tsinghua University in Beijing, China.
About Baidu
Baidu.com, Inc. is the leading Chinese language Internet search provider.
As a technology-based media company, Baidu aims to provide the best way for
people to find information. In addition to serving individual Internet search
users, Baidu provides an effective platform for businesses to reach potential
customers. Baidu's ADSs, each of which represents one Class A ordinary share,
are currently trading on the NASDAQ Global Select Market under the symbol
"BIDU."
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," ''confident'' and similar
statements. Among other things, quotations from management in this
announcement contain forward-looking statements. Statements that are not
historical facts, including statements about Baidu's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties that could cause actual results to differ materially
from those contained in any forward- looking statements. Further information
regarding these and other risks is included in our annual report on Form 20-F
and other documents filed with the Securities and Exchange Commission. All
information provided in this press release is as of March 21, 2008, and Baidu
undertakes no duty to update such information, except as required under
applicable law.
For more information, please contact:
For investor inquiries please contact:
Linda Sun
Baidu.com, Inc.
Tel: +86-10-8262-1188
Email: sunyao@baidu.com
For investor and media inquiries please contact:
In China:
Helen Plummer
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-3090
Email: helen.plummer@ogilvy.com
In the US:
Thomas Smith
Ogilvy Public Relations Worldwide (New York)
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
