China’s Shanda confirms management shakeup, names new president

Shanda Interactive Entertainment Limited (NASDAQ:SNDA) has confirmed a shakeup of its management team and appointed a new president, along with several other senior executives.

The company said Qunzhao Tan — a co-founder of Shanda and most recently executive senior vice president and president of Shanda Games, Shanda’s online game business unit — has been named president .

Tan succeeds Tang Jun. Local media have reported that Tang would resign this month to join a venture capital firm.

Shanda said Tang will remain as a member of Shanda’s board of directors and serve as an advisor to the chief executive officer (CEO), Chen Tianqiao.

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Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast;

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