Vimicro Announces Changes in Board of Directors
BEIJING, June 11, 2012 /PRNewswire-Asia-FirstCall/ -- Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading PC-camera processor and IP-based surveillance solution provider, today announced that Dr. Xiaodong (Dave) Yang has resigned his position from the Board of Directors of the Company and its significant subsidiaries for personal reasons. The Company has nominated Mr. Yundong (Raymond) Zhang as his successor.
Mr. Zhang currently serves as the Company's Chief Technology Officer. He is responsible for leading all research and development activities, as well as formulating technology and product strategy for the security and surveillance business. Since joining Vimicro when the Company was at an early stage, Mr. Zhang has demonstrated strong leadership in guiding the development of surveillance technology, the national SVAC standard, and most recently, developing the surveillance business in China. Before joining Vimicro, Mr. Zhang was a co‑founder and director of research and development for T Square Design, Inc. Before that, he served as a semiconductor design manager for Realtek. Zhang received his B.S. and M.S. degrees in electrical engineering from Fudan University.
"We would like to thank Dave Yang, who is a co-founder of our Company, for his years of excellent service to Vimicro, and we wish him well in pursuing his personal interests. We are also pleased to welcome Mr. Zhang to our Board of Directors. We expect the Company and its stakeholders to benefit from his experience and leadership," stated Dr. John Deng, Chairman and CEO of Vimicro.
About Vimicro International Corporation
Vimicro International Corporation is a leading multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable multimedia capabilities in a variety of products for PC/Notebook, consumer electronics and surveillance markets. Vimicro is aggressively expanding business into the surveillance market with system-level solutions and semiconductor products to capitalize on China's domestic demand. Vimicro's ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ Global Market under the ticker symbol "VIMC".
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