Baidu CFO dies in accident in China
Baidu.com Inc., the Chinese operator of an Internet-search engine, said Chief Financial Officer Shawn Wang died in an accident while vacationing in China on Thursday.
A statement from the company on Saturday gave no further details on the accident.
Wang joined the company as CFO in September 2004; he’d previously been a partner at the accounting and consulting firm Pricewaterhouse Coopers.
Wang also sat as an independent director and chairman of the board’s audit committee at WuXi PharmaTech
the Shanghai provider of outsourced drug-development services.
Baidu went public on Nasdaq in August 2005 at $27 a share; less than 21/2 years later, it’s trading at nearly 15 times its IPO price. Baidu said the CFO’s duties would be assumed by the company’s senior managers for now.
