Baidu Appoints Herman Yu as Chief Financial Officer
BEIJING, SEPTEMBER 18, 2017 Baidu, Inc. (the Company or Baidu) (NASDAQ: BIDU), the leading Chinese language internet
search provider, today announced the appointment of Herman Yu as chief financial officer, effective immediately.
We are delighted to have Herman Yu
join our executive team at Baidu, said Robin Li, Baidus chairman and chief executive officer. Herman brings invaluable financial management, capital market and leadership experience, having served as CFO of US-listed internet companies for 10 years, as well as having held management roles at high tech companies in both the US and China. I look forward to working with Herman in his new capacity, as Baidu enters the next
stage of growth in the AI era.
I am deeply honored to join Baidu, a world-class technology company, said Mr. Yu. I look
forward to working with Baidus talented management team to realize the tremendous potential in the AI era.
Herman Yu joins Baidu from Weibo
Corp. (NASDAQ: WB), where he has served as chief financial officer since 2015. Prior to Weibo, Mr. Yu worked at SINA Corp. (NASDAQ: SINA) from 2004 to 2015, most recently as chief
financial officer from 2007 to 2015. Mr. Yu began his
career at Arthur Andersen and has held various finance and accounting management positions at Adobe Systems Inc., Cadence Design Systems, Inc. and VeriFone Systems, Inc. He is a California Certified Public Accountant and holds a B.A. in Economics
from the University of California and an M.A. in Accountancy from the University of Southern California. Mr. Yu serves on the boards of 58.com Inc. (NYSE: WUBA), ZTO Express Inc. (NYSE: ZTO), and Tian Ge Interactive Holdings Limited (SEHK:
Jennifer Li will step down as chief financial officer of Baidu and serve the Company as a senior advisor to senior management. Jennifer is chief
executive officer of Baidu Capital, a private equity firm focused on AI-enabled opportunities.
Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complex world simpler through technology. Baidus
ADSs trade on the NASDAQ Global Select Market under the symbol BIDU. Currently, ten ADSs represent one Class A ordinary share.