New Oriental Education Names Chenggang Zhou as President

New Oriental Education and Technology Group Inc. (NYSE: EDU) today announced the promotion of Mr. Chenggang Zhou to the position of President, effective January 5, 2016. At the same time, Mr. Louis T. Hsieh will step down as President of New Oriental, but will remain on the Board of Directors of the Company and will serve as a non-executive Senior Adviser to the Company. Mr. Zhou joined New Oriental in 2000 and has held multiple positions in the Company since then, including Executive President for Domestic Business, Executive Vice President, Vice President and President of Beijing and Shanghai New Oriental Schools. As President, Mr. Zhou will focus on corporate strategy and oversee overall business development of the Company. Mr. Michael Minhong Yu, New Oriental's Chairman and Chief Executive Officer, commented, "Chenggang has been a key member of our management team, and we are thankful for his efforts and commitment to providing high-quality education services.  He has brought to us with his vision, wealth of experience, industry insight as well as extensive knowledge of all aspects of our business, which will help See full press release