Yongye International Announces Resignation of COO Nan Xu
Yongye International, Inc. (NASDAQ: YONG) today announced that Mr. Nan Xu has resigned from the role of Chief Operating Officer and as a member of the Board of Directors. Mr. Xu's resignation was for personal reasons and his last day of service to Yongye will be October 1, 2013.
Mr. Xu's responsibilities and duties as Chief Operating Officer will be assumed by members of the senior management team and a smooth transition is anticipated. The Company does not currently plan to nominate a new member to the Board of Directors.
Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye, stated, "We would like to thank Mr. Xu for his dedication to Yongye and for his important contributions to the development and growth of the Company. We wish him the very best in his future endeavors."
"It has been an honor and privilege to be a part of Yongye's senior management team and Board of Directors during what was a critical point in the Company's evolution," stated Mr. Nan Xu. "I wish the entire team continued success."