Exceed strengthens board to counter decline
12/08/2013
Pang Xiaozhong is the former director of the research and development department of the Institute of Sports Science under the General Administration of Sport. He has worked in sports science for more than 30 years and has coordinated a number of major national projects.
Exceed also promoted Ding Dongdong, executive senior vice-president, to the board. He will be responsible for the design, research and development of footwear and apparel.
Lin Shuipan, Exceed's CEO, said: "Mr Pang and Mr Ding will bring a wealth of experience gained from their extensive services in the areas of academia and business. Their expertise in these areas will be a valuable asset to the company, and we look forward to working closely with them."
In April, the company announced 2012 revenues fell 27.5% to $382.6 million and profits plunged 58% to $31.9 million.
Share this story:
