Tang Meijuan Steps Down as CEO of TOM Group
Business Times (Reporter Tuotian Luo) - Faced with a loss of 297 million Hong Kong dollars, Tang Meijuan no longer has the chance to prove her capabilities again. Yesterday, former COO of TOM Group Limited, Yang Guomeng, was appointed as the new Chief Executive Officer, while Tang Meijuan, the former CEO and known as the "Goddess of Wealth," stepped down. However, Tang Meijuan will still retain her position as a non-executive director of TOM Group.
Yesterday, TOM Group released its annual financial report, showing that the group's revenue in 2007 was 2.68 billion Hong Kong dollars, a 4% decrease from the previous year. In terms of senior management changes, the financial report also announced that Maoshufen would serve as the Chief Financial Officer, and Wang Leilei, who is responsible for TOM EachNet, was appointed as the Vice Chairman of the Group.