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Dec. 31, 2007 at 7:36am Eastern by Barry Schwartz
Baidu's CFO Dies In Holiday Accident
Baidu.com says CFO killed in China accident from the AFP reports Shawn Wang, Baidu's CFO, died on December 27. Wang was in a fatal accident during a holiday vacation in China.
He joined Baidu in 2004 and helped Baidu with their extremely successful IPO and NASDAQ listing.
Robin Li, chairman and chief executive of Baidu, issued a statement:
We are all completely shocked and deeply saddened by this tragic news. Shawn's leadership and vision helped transform Baidu into a leading US public company, and his presence will be greatly missed. Shawn was not only a tremendous leader within our company, but also a wonderful friend to us all. We extend our deepest sympathy and most sincere condolences to Shawn's family.
Will this impact Baidu's future success? Baidu.com CFO Wang's death not expected to hurt operations: broker from MarketWatch has more on that.
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By Barry Schwartz
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