Linktone (LTON) announced the appointment of a new chief financial officer, Colin Sung, and the nomination of its current chief financial officer, Mark Begert, to serve on the Linktone board of directors.
The appointment of Colin Sung as Linktone's new chief financial officer is scheduled to become effective on June 1, 2005. Sung will join the company from UTi, United States, Inc., a subsidiary of UTi Worldwide Inc., a global integrated logistics company, where he has most recently served as corporate controller.
The nominating committee of Linktone's board of directors has also nominated Mark Begert, chief financial officer since 2001, for election at the 2005 annual general meeting of shareholders to a three-year term as a Class I director.
Following the transition of chief financial officer responsibilities to Colin Sung and his proposed election to the board, Mr. Begert plans to remain closely involved in finance, strategic planning and the integration of Mr. Sung as Linktone's new chief financial officer. He also plans to aid the development of an international expansion strategy for the company.