NQ Mobile CFO resigns

NQ Mobile Inc. (NYSE: NQ) said it has announced certain changes to its management team.

KB Teo, chief financial officer of the company, has resigned from his position for family reasons effective Friday, August 22, 2014. Dr. Vincent Wenyong Shi, co-founder and chief operating officer of the company, will take over as acting chief financial officer until a suitable replacement is found.

The company said it remains fully confident in all of its previously reported financials and filings as to their accuracy and does not expect any material changes.

NQ Mobile is a leading global provider of mobile Internet services. The company maintains dual headquarters in Dallas, Texas, USA and Beijing, China.

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