PHOENIX, Sept. 13, 2021 /PRNewswire/ -- Renren
Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates
several U.S.-based SaaS businesses, today announced that Chris
Palmer has been appointed as the Company's Chief Financial
Officer, effective September 6, 2021.
Palmer succeeded Lucy Yang, who will
continue to serve as Chief Financial Officer of Kaixin Auto
Holdings (NASDAQ: KXIN).
"On behalf of Renren's Board of Directors and management team, I
would like to thank Lucy for her numerous contributions and
tireless work at Renren. I would also like to take this opportunity
to warmly welcome Chris Palmer to
the Company as we continue our quest to build and grow our
portfolio of vertical SaaS businesses. His experience helping
companies scale and achieve rapid growth will prove valuable as we
build leadership market positions for our SaaS businesses,"
said Renren's Chairman and Chief Executive Officer,
Mr. Joseph Chen.
Prior to Joining RenRen, Palmer served as VP Finance at Twist
Bioscience, a Global manufacturer of Synthetic DNA. Prior to
that, he was chief financial officer and chief innovation officer
at Televerde, an outsourcer of Demand Generation and Inside Sales
services. Mr. Palmer has also worked at a number of
semi-conductor businesses, including Intel Corporation, where he
served in a variety of roles spanning M&A, finance, and general
management. Mr. Palmer started his career at KPMG, is a
Certified Public Accountant, and received his MBA, with honors,
from Duke University's Fuqua School of Business.
About Renren Inc.
Renren Inc. (NYSE: RENN) operates several US-based SaaS
businesses including Chime, a CRM and Marketing Automation
platform, and Trucker Path, a trip-planning and business app for
long-haul truckers. Renren's ADSs, each currently
representing forty-five (45) Class A ordinary shares of the Company
are traded on NYSE under the symbol "RENN".
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of
the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar
statements. Renren may also make written or oral
forward-looking statements in its filings with the U.S.
Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about Renren's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in our
annual report on Form 20-F, the 6-K referred to above and other
documents filed with the SEC. All information provided in this
press release is as of the date of this press release,
and Renren does not undertake any obligation to update
any forward-looking statement, except as required under applicable
SOURCE Renren Inc.