Taomee Holdings Limited has announced that there will be a transition to a new CFO and Paul Keung, chief finance officer of Taomee, will be gradually handing over his responsibility in the near term.
The company expects to announce a candidate of new CFO soon, and Keung will remain his position as the CFO with the company during the transition period including the filing of the Company's annual report on Form 20F for the year ended December 31, 2013.
"I have great respect for Paul and we thank him for his many strategic contributions," said Benson Wang, co-founder and chief executive officer of Taomee." "Paul has helped strengthen our financial foundation, which will be of great benefits for his successor, our Company, and our shareholders well for the long term. Paul will remain as an advisor to our Company going forward, and we wish him great success in his future endeavors."