June 15, 2012
/PRNewswire-Asia/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), the leading real name social networking internet platform in
, today announced the appointment of Mr.
as an independent director.
is the founder, Chairman and Chief Executive Officer of BYD Company Limited (1211.HK). Headquartered in
, BYD is one of world's leading manufacturers for rechargeable batteries as well as handset components and assembly services. BYD entered into the automotive business in 2003 and is now ranked among the top three domestic manufacturers for passenger cars in
. Recognized as a renowned entrepreneur and technology expert, Mr. Wang was awarded Star of
by BusinessWeek in 2003.
Mr. Wang obtained his bachelor's degree in metallurgy physical chemistry from
of Technology in 1987 and his master's degree in metallurgy physical chemistry from Beijing Non-Ferrous Research Institute in 1990.
Mr. Wang will replace Mr.
, who resigned from the Board of the Company for personal reasons. Mr. Li's decision is not the result of any dispute or disagreement with the Company or its Board on any matter relating to the Company's operations, policies or practices.
"We want to thank Mr.
for his valuable contribution to the Company during his service as a director of the Board," said
, Chairman and Chief Executive Officer. "Meanwhile, we are very excited to have Mr.
join us as an independent director. As a seasoned entrepreneur with deep technology and operational experience, Mr. Wang will provide invaluable expertise to our Board and our Company."