China Information Technology, Inc. (NASDAQ: CNIT) said that its chief technology officer, Zhiyao Yu, has resigned from his position for personal reasons and has been replaced, effective December 1, 2015, by the company´s chief product officer, Guangzeng Chen.
Chen will also continue as chief product officer of the company. Acting as both the CPO and CTO, Chen will be responsible for development of the company´s operating system, enhancement of its terminal mainboard technology, design of standardized hardware terminals, and research and development of the company´s cloud-based product offerings.
Chen has over 10 years of experience in business operations and a strong background in research and development of IT products. He joined CNIT as vice president of research and development in March 2014, and was appointed as the company´s CPO in June 2015. For the prior three years, he served as project manager at CoolPad Group Limited, one of China´s leading smartphone companies. From 2004 to 2011 he headed R&D at VideoHome, a Taiwanese multimedia appliance manufacturer.
China Information Technology is a leading Internet service company that makes advertising accessible and affordable for businesses of all sizes.