SHANGHAI, June 3 /PRNewswire-Asia/ -- Spreadtrum Communications, Inc. (Nasdaq: SPRD) (the "Company"), one of China’s leading wireless baseband chipset providers, today announced that David S. Wu will join as the Company’s Chief Financial Officer on June 8, 2009. Commenting on the appointment, Dr. Leo Li, CEO, said, "We are delighted to have David join us as a key executive to help propel us towards becoming an industry leader. The breadth of his extensive experience in financial management encompasses both analytical and operational knowledge which will be invaluable as we strive to improve our financial performance."
Mr. Wu has 15 years of China financial and operational management experience. As Managing Director of the US Fund, he guided the China Value Add delivery for CITIC Capital, the private equity arm of China’s largest financial conglomerate CITIC Group. As CFO/GM, Mr. Wu successfully introduced continuous improvement tools into China using NYSE listed Danaher’s Business System. He delivered the first profitable investment in China for AlliedSignal (now Honeywell). Working with IBM, Motorola and others, his team delivered the first WAP based GPS searchable yellow page content using cell phones in Shanghai and Beijing. Mr. Wu has documented SOX compliant internal controls for multi-billion dollar processes in the US, and was a Corporate Finance Manager/Assistant Controller for BFGoodrich. He started his career as an auditor for Arthur Young (now Ernst & Young) in Chicago.
Mr. Wu received a BSE degree, cum laude, from Princeton University, a MSE degree from the University of Pennsylvania, and a MBA from The Wharton School of Finance. He passed the Certified Forensic Accountant and Certified Management Accountant examinations, and is a CPA from the States of Virginia and Illinois.
About Spreadtrum Communications, Inc.:
Spreadtrum Communications, Inc. (Nasdaq: SPRD; "Spreadtrum") is a fabless semiconductor company that develops baseband and RF processor solutions for the wireless communications market. Spreadtrum combines its semiconductor design expertise with its software development capabilities to deliver highly-integrated baseband processors with multimedia functionality and power management. Spreadtrum offers terminal manufacturers a comprehensive portfolio of highly-integrated baseband processor solutions, as well as multimedia chips, RF chips, protocol software and software application platforms. Spreadtrum has developed its solutions based on an open development platform, enabling its customers to develop customized wireless products that are feature-rich and meet their cost and time-to-market requirements.
