Professional Diversity Network Inc. on Dec. 22 announced a new CEO and other management changes, following the closing of its transaction with Cosmic Forward Ltd.
Maoji Wang, currently a director of Professional Diversity Network and the CEO of Cosmic Forward, will now serve as CEO of Professional Diversity Network, effective immediately. Katherine Butkevich, the company’s former chief executive, will become CEO of Professional Diversity Network unit NAPW Inc.
In addition, David Mecklenburger is stepping down as CFO of the company to pursue to pursue a new senior executive position, effective Dec. 31. Xin He will serve as the company’s interim financial chief, effective Jan. 1, 2017.
In other company news, Professional Diversity Network said it is developing new U.S. business lines, potentially including a China-U.S. education brokerage and an e-commerce business. The company is also developing a wholly foreign-owned enterprise in China and using both the company’s existing expertise and related resources in the networking business, and CFL's China expertise and contacts to expand the NAPW networking business and other potential educational and training businesses to China.