You On Demand adds two to board, elects Wu chairman

|By:, SA News Editor

China-market video firm You On Demand (NASDAQ:YOD) is up 1.9% after adding two members to its board, including tycoon Bruno Wu, elected as the firm's chairman.

Jian Ren (Jerry) Fan also joined the board as of Jan. 6. Fan, most recently a managing director and country manager for Analog Devices, was appointed to the board's Audit Committee.

Wu, founder and CEO of Sun Seven Stars Media Group, replaces Xuesong Song, who steps down as executive chairman but stays on as a director. Founder Shane McMahon will become vice chairman.