SBC News 500.com board restructure sees Jeffery R. Williams appointed as independent director

500.com board restructure sees Jeffery R. Williams appointed as independent director

jeffereywilliams
Jeffery R. Williams

Chinese online sports lottery operator 500.com has announced the appointment of Jeffery R. Williams as new Independent Director. 500.com further announced that the appointment will see Williams join the operators Audit committee for the Board of Directors.

Williams will become the first non-Chinese member of the 500.com board of directors.

Williams has a deep knowledge of Asian banking and investment markets having held governance positions Citibank Asia, and acted as General Manager for American Express in Taiwan. Williams currently serves as President of the Shenzhen Development Bank.

The appointment of Williams saw 500.com further announce that current directors Jeipin Fu, Min Fan and Jinpin Ma have stepped down following the expiration of their one year terms.

500.com Chairman and CEO Man San Law commented on the appointment of Williams

“500.com wishes our departing board members success in their future endeavours. I would also like to extend a warm welcome to Jeffery Williams whose extensive experience and expertise in corporate matters will surely benefit the company over the long term”

Check Also

SBC News Man San Law resigns as Chairman of 500.com

Man San Law resigns as Chairman of 500.com

Updating investors, embattled New York-listed Chinese sports lottery operator 500.com has confirmed that Chairman of …

SBC News Red Alert...500.com enters six straight quarters with 0 revenues!

Red Alert…500.com enters six straight quarters with 0 revenues!

New York-listed Chinese sports lottery operator 500.com, has reported its sixth straight quarter with no …

SBC News 500.com reduces costs as it enters fifth straight quarter with no core revenues

500.com reduces costs as it enters fifth straight quarter with no core revenues

Investor concerns continue to mount regarding New York-listed Chinese sports lottery operator 500.com’s ability to …