Qihoo 360 Announces Changes to Board Committee Composition
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) today announced changes to its board committee composition to comply with requirements of the New York Stock Exchange and the Securities and Exchange Commission with respect to the independence of board committee members.
Ms. Vivian Wenjiang Chen will replace Mr. Xiangdong Qi, president of the Company, on the audit committee of the board of directors of the Company. Ms. Chen also serves as a member of the corporate governance and nomination committee, and has been a member of the board of directors since September 2011. Mr. Hong Chuan Thor will replace Mr. Hongyi Zhou, chairman and chief executive officer of the Company, on the compensation committee. Mr. Thor also serves as the chairman of the corporate governance and nomination committee, and has been a member of the board of directors since February 2011. Mr. Zhou and Mr. Qi will continue to serve on the board of directors of the Company.
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