Tencent Music Entertainment Group, an online music entertainment platform in China, has announced the appointment of Mr. Cussion Kar Shun Pang as TME’s Executive Chairman of the Board of Directors.
Mr. Zhu Liang has been appointed as the Company’s new Chief Executive Officer and a member of the Board. Prior to this appointment, Ross served as Vice President of Tencent Holdings Limited where he was responsible for overseeing a number of major online platforms including QQ, a social communication and entertainment platform in China with 595 million MAU on smart devices, as well as Qzone, a social platform that enables users to share their lives and interact with friends and relatives anytime and anywhere.
Prior to that role, Ross was the General Manager of QQ Music from 2014 to 2016. As the CEO, Ross’ primary responsibility is to oversee TME’s QQ Music, Kugou Music, Kuwo Music, WeSing and long-form audio business.
Mr. James Gordon Mitchell has been appointed as the Chairman of compensation committee of the Board. These changes will go into effect as of April 15, 2021. Mr. Tong Tao Sang, TME’s current Chairman of the Board, will resign from the positions of Chairman of the Board, Chairman of compensation committee and all his roles as a director or an officer of affiliates of the Company.
As the Company’s newly appointed Executive Chairman, Cussion will be responsible for setting the Company’s long-term strategy, overall coordination and management of the Board and the Company. He will continue to work closely in collaboration with Ross to provide value to users, business partners and shareholders.
“I am delighted to have Ross join our team as the CEO. Ross’ proven track record in building successful online entertainment platforms and social ecosystems, combined with his breadth of experience delivering strong results through successful expansion into new business areas, makes him ideally suited to accelerate our evolution into an all-in-one online music and audio entertainment destination in China,” said Cussion. “TME is very well positioned for the secular growth opportunities within online music and audio that lie ahead of us. I remain as engaged and committed to the Company’s long-term success as ever, and I am excited to work with Ross, along with the Board and our entire senior management team, to build on our strong momentum to drive the next phase of growth for TME.”
Ross Liang, newly appointed CEO and Board member of TME, said, “It is a true honor to lead this extraordinary and innovative company as CEO. I believe TME’s dedication towards driving a sustainable industry development, outstanding product and technology offerings, and innovative business models, combined with the most talented group of people in the industry, uniquely position the Company to capitalize on the exciting opportunities within online music and audio entertainment. I look forward to working in close partnership with Cussion, the Board and the senior management team, to build on our strong foundation to better serve our users, artists and content creators, provide the best career experiences for our people, and create long-term value for our shareholders.”
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