BEIJING, April 28, 2014 /PRNewswire/ -- Vimicro
International Corporation (NASDAQ: VIMC) ("Vimicro" or the
"Company"), a leading video surveillance technology and solution
provider in China, today announced
the appointment of Mr. Peter Li as
Chief Financial Officer and Vice President of Finance, effective
April 30, 2014.
Mr. Li is an experienced chief financial officer and management
professional, with more than twenty years' experience working with
NASDAQ-listed and other technology companies. Before joining
Vimicro, he served as CFO of Hollysys Automation Technology, a
NASDAQ-listed provider of automation and control applications in
China. Before that, he was a
director and partner of CS China Acquisition Corporation, an
acquisition company that completed an initial public offering, also
on the NASDAQ. Prior to that, Mr. Li served as CFO of Yucheng
Technologies, a NASDAQ-listed IT service provider to the banking
industry in China. He earned a
master's degree in Educational Administration from the University of Toronto and a B.A. from Beijing's Foreign Studies University. He is
also a Certified General Accountant (CGA) in Canada.
"We are very excited to have Peter join Vimicro team, and we
look forward to benefiting from his substantial experience as CFO
at NASDAQ listed companies in the areas of corporate financial
management and reporting, internal controls, M&A, capital
markets, and maintaining strong relationships with investors as
Vimicro continues to expand its presence in China's security and surveillance market at an
accelerated pace. We believe Peter's strong track record of
shareholder value creation will be a great asset for Vimicro's
growth strategy going forward," commented Dr. John Deng, Chairman and CEO of Vimicro.
Mr. Peter Li noted, "I am honored
to be part of Vimicro team and excited by its growth prospects in
China's fast-growing surveillance
market. Dr. Deng and his team have demonstrated both vision
and persistence in successfully transforming Vimicro into a
surveillance-solution provider with proprietary technology and
defining the national standard. I look forward to the challenge of
leading Vimicro in communicating its story with investors, while
growing the company and increasing long-term shareholder
value."
About Vimicro International Corporation
Vimicro International Corporation (NASDAQ: VIMC) is a leading
video surveillance technology and solution provider that designs,
develops and markets a full range of video surveillance products
and solutions to governments, private enterprises, and consumers in
China. Vimicro co-developed SVAC
(Surveillance Video and Audio Coding), the national video
surveillance technological standard, which demonstrates its unique
strengths in proprietary multimedia IC technology, making it a
leader in China's fast-growing
security and surveillance market. Vimicro is headquartered in
Beijing, China and has
subsidiaries and offices throughout China and in Silicon Valley. Vimicro's ADSs
each represent four ordinary shares and are traded on the NASDAQ
Global Market exchange under the ticker symbol "VIMC."
Investor Contact:
Vimicro International Corporation
Mr. John Harmon, CFA, VP of
Finance
Phone: +86 186 1151 1730 (Beijing)
E-mail: john.harmon@vimicro.com
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SOURCE Vimicro International Corporation