GreenTree Inn China Names Its CFO
Angel Wang is a great CFO for hotel chain
SHANGHAI, China, March 20, 2008. Angel Wang has been named the chief financial officer of GreenTree Inns, the leader in business hotel chain in China.
Prior to this, Angel Wang served as director of business development in President International Development Corp (PIDC). She was responsible for M&A, IPO planning, Pre-IPO and IPO investment for targeted companies in Asia Pacific. Her investment focused on consumer, retail and channel target companies. Prior to PIDC, she played various roles from credit analyst in HSBC to Finance Manager in Lite-On Technology. She received her MBA majoring in corporate finance from Fairleigh Dickinson University in USA and trainings in Mckinsey & Company.
"Angel's skill level and talents across culture and industries will definitely make her a great CFO for any major business. Her diversified experiences will be valuable in building the right financial procedures and strategy for GreenTree Inn," said Alex Xu, the company Chairman and CEO.
Wang, who has extensive experience in financial operations and process management, said he looks forward to adding strength to GreenTree Inns as CFO. "Coming to GreenTree Inns is a great career move for me and my family," Wang said. "This position gives me an opportunity to expand and grow in an industry I have passion to. GreenTree Inns has a great reputation and great people. And it has the advantage of being a pioneer hotel chain dedicated to brand building. I'm looking forward to learning more about the business, to bringing in new ideas and to serving as a great executive"
ABOUT GREENTREE INNS
GreenTree Inns (www.GreenTree.Com.cn) is the first upscale and value business hotel chain built by Alex Xu and his companies in 2004. The mission is to deliver upscale and affordable hotel services to its core customers. Priced between $20 to $40 per night in downtown areas of major cities in China, it quickly became an ideal choice for business travelers from abroad and domestic.
The first GreenTree Inn was opened at Nov 2004. The company has since added more than 220 hotels spread in 60 cities of China. 75 are opened and 145 hotels are under construction. It plans to add 200 hotels in 2008 which brings the total hotels to 400. GreenTree Inn now has 22 hotels in Beijing with 3000 rooms ready for 2008 Beijing Olympic Game. In addition, GreenTree Inn rolled out its second stage of development plan for more hotels in India, Indonesia, and Vietnam.
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