#China #Beijing #New Oriental #Dr. Yue Zhuge #Board Changes

Board Restructuring at New Oriental Education & Technology Group

New Oriental Education & Technology Group, a prominent private educational services provider in China, has recently announced important changes within its leadership structure that are set to take effect on December 16, 2024. The company revealed that Dr. John Zhuang Yang would resign from his position as an independent director. Alongside this decision, Dr. Yang will also step down from his roles on the audit and compensation committees, as well as from his position as chairperson of the nominating and corporate governance committee.

In a strategic move, New Oriental has appointed Dr. Yue Zhuge as an independent director. Dr. Zhuge brings with her an impressive background in both technology and education. Notably, she serves as a partner at NGP Capital and was a founding partner of QuarkStar. Her previous experience includes holding significant leadership roles during her tenure at Hulu Beijing, where she played a crucial role in pioneering advancements in machine learning, artificial intelligence, and video technologies from May 2015 until May 2021. Previously, Dr. Zhuge co-founded Landscape Mobile, further showcasing her commitment to innovation and technology-driven education.

Dr. Yue Zhuge: A Visionary Leader

Dr. Zhuge's journey in the tech education sector is complemented by her rich academic background. She studied computer science at Tsinghua University and attained two master's degrees in applied mathematics from Stony Brook University and in computer science from Stanford University. Additionally, she received a Ph.D. in computer science from Stanford, indicating her deep academic prowess.

Her contributions to the field extend beyond her corporate roles. Dr. Zhuge has served on the Board of Trustees at Dulwich College Beijing, demonstrating her commitment to educational excellence. She has also acted as a mentor for Schwarzman Scholars at Tsinghua University, nurturing future leaders in various fields.

Dr. Zhuge’s literary work includes serving as chief editor for publications like The Quest for Machine Learning and The Quest for Deep Learning. She is also the author of popular science literature and parenting guides, underscoring her ability to connect complex ideas with broader audiences.

Implications for New Oriental

With Dr. Zhuge stepping into her new role, New Oriental's governance structure is poised for a transformation that could significantly influence its strategic operations. Her dual expertise in education and technology positions her uniquely to drive innovation and expand the company's footprint in a rapidly evolving market.

According to the company’s articles of association, Dr. Zhuge will serve as a director until the first annual general meeting following her appointment, where she will be eligible for re-election. This structural change signifies New Oriental's commitment to enhancing its management team and reinforcing its leadership as a provider of educational services across China.

About New Oriental

New Oriental Education & Technology Group is extensively recognized for its comprehensive suite of educational programs, catering to a diverse student population throughout China. The company’s offerings include test preparation courses, educational services, and overseas study consulting, among others, and are available through multiple channels, including livestreaming e-commerce. This strategic array of services positions New Oriental as a leader in the private educational sector in China.

As New Oriental embarks on this new chapter under Dr. Zhuge's guidance and with a refreshed board, the educational landscape in China could see an invigorated approach to learning, technology integration, and company growth. Interested parties are encouraged to stay updated with further announcements and strategic developments from New Oriental in the coming months.