From MarketWatch:
Baidu.com Inc., the Chinese operator of an Internet-search engine, said Chief Financial Officer Shawn Wang died in an accident while vacationing in China on Thursday. A statement from the company on Saturday gave no further details on the accident.
Wang joined the company as CFO in September 2004; he’d previously been a partner at the accounting and consulting firm Pricewaterhouse Coopers.
Analysts said Baidu would be able to avoid a crisis in the absence of Wang. “While employee sentiment is likely to be negative in the near term, we believe the business impact is not significant,” said Dick Wei, a technology strategist with JPMorgan in Hong Kong, in a note Monday. [Full Text]
Wang is credited with helping get Baidu.com listed on the Nasdaq stock exchange in 2005.
[Image: Baidu.com CFO Shawn Wang, via eFluxMedia]
