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Wanda Sports appoints new CEO

Wanda Sports appoints new CEO

Wanda Sports Holding appoints Hengming Yang as new CEO (effective November 1, 2016) while Philippe Blatter is newly appointed Vice Chairman of the Board of Directors of Wanda Sports Holding.

The Wanda Sports Holding Board of Directors will from now on be led by Lincoln Zhang as Chairman and Philippe Blatter as Vice-Chairman. As President and Vice Chairman of Wanda Sports Holding, Philippe Blatter remains Vice President and a member of the management of Wanda Cultural Industry Group. His responsibilities as President & CEO of Infront Sports & Media remain unchanged.

This strategic step was necessary due to the growth of administrative duties, the growing need to personally engage with Chinese governmental authorities and representatives of provinces and cities in China and the regional ground work to be conducted by the Wanda Sports Holding CEO. After an intense search Hengming Yang could be identified as the perfect match to fill this position. Hengming Yang has started as CEO of Wanda Sports Holding effective November 1, 2016. In his latest role as British Petroleum’s (BP) President Greater China he was heading BP’s strategy, management and operations in Mainland China, Hong Kong and Taiwan. The Wanda Sports Holding states, the 50-year old executive possesses excellent managerial skills and will contribute his extensive experience dealing with Chinese authorities and leveraging his broad network of contacts to Chinese authorities, provinces and cities. As an experienced manager specialized in business administration, Hengming Yang will assist Philippe Blatter and play an important role in the implementation of Wanda Sports Holding's strategy and business performance management. He will be based in Beijing and directly report to Philippe Blatter.

Lincoln Zhang, President of Wanda Cultural Industry Group and Chairman of Wanda Sports Holding, commented: “As Wanda Sports Holding’s business volume rises – not only, but particularly in China – a full time presence of the CEO in Beijing is required. Acknowledging this need, we fully supported Philippe Blatter’s suggestion to appoint an experienced Chinese executive to manage the Wanda Sports Holding administration and to strengthen our contacts to Chinese authorities and to provinces and cities.”

Philippe Blatter, President and Vice Chairman of the Board of Directors of Wanda Sports Holding: “With Hengming Yang we are happy that our search for an experienced Chinese executive has come to a successful conclusion. Through his experience with Chinese authorities I can foster my focus on our clients and the further growth of our businesses, the holding’s strategic development and our M&A activities. At the same time I will continue to lead Infront and help creating value for our many stakeholders and partners.” (11/16)

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