AirMedia Names New CFO

AirMedia Group Inc., an operator of out-of-home advertising platforms in China targeting mid-to-high end consumers, has announced the appointment of Richard Peidong Wu as chief financial officer of the company, effective June 1, 2014. Wu will replace Henry Ho, who tendered his resignation as chief financial officer due to personal reasons, effective May 31, 2014.

Wu is an experienced finance and investment professional, with more than 18 years of experience working with and advising companies in China in technology, media and telecom sectors.

Before joining AirMedia, he worked as the head of legal & compliance at the Greater China Division of Nokia Solutions and Networks. Prior to that, he was the chief financial officer of Vimicro International Corporation from 2011 to 2012. From 2006 to 2011, he was managing director at Dragon Bay Capital, a China-focused investment advisory firm specializing in private placement, pre-IPO turnarounds, pre-auditing, and investor relations.

Wu also worked as the CFO at several other companies, including China Natural Gas, Inc., China Medicine Corporation and AlliancePharm US LLC, as well as the executive vice president of MeetChina.com, the finance director at Motorola, Inc and an investment banking associate at Lehman Brothers.

Wu started his career as a senior legal counsel at Beijing Bei Fang Law Offices. He received his MBA from the Wharton School of the University of Pennsylvania, a master of arts in criminal justice from Indiana University, a post-graduate law diploma from the Chinese University of Political Science & Law.

Wu is a licensed attorney in China.

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