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CWNM > SEC Filings for CWNM > Form 8-K on 5-Feb-2014All Recent SEC Filings

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Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On January 31, 2014, the Company appointed Stefan Riderer as its Chief Financial Officer. Mr. Riderer, age 50, has over 25 years of experience in Sales, Marketing, Operation, business development and management.

After he earned his degree in physics from Babes Bolyai University, Romania, he specialized in solid state physics and worked in research and development of special alloys. As a researcher, Stefan focused on developing special testing techniques, along with designing software and test equipment for structural analysis of materials. Stefan was also a member of the management team in charge of developing and implementing strategies in non ferrous material mining.

Upon relocation to the United States, Stefan took on a Research Assistant position within the College of Engineering at Wayne State University, in Detroit, Michigan, where he worked closely with faculty and other graduate students for one year. During this time, he enhanced his skills in data collection, analysis, and management and gained an improved understanding of effective collaboration and teamwork.

In 1998, Stefan moved to California and funded Wholtex Liquidation, Inc., engaged in asset recovery and IT development.

On January 31, 2014, the Company appointed Terry Lee as a director. Mr. Lee, age 62, is a 30-year veteran in the real estate and hospitality fields. His experiences include business development, acquisition and disposition of commercial real estate assets since 1981. He was also involved in development planning, construction management, entitlement processing, governmental relations, as well as oversees corporate maintenance and accounting issues. He has been serving as exclusive representative for several overseas conglomerates for their U.S. real estate holdings.

In addition, he is the founder, and has been the chief executive of, American Property Management Company (APMC) doing business in China since 2001. APMC opened 16 hotels in China in the past 10 years. He has been frequently invited to give lectures to commercial real estate professionals and hospitality companies in China and Taiwan.

Mr. Lee has served as Director/Auditor of the Taiwan Hotel Motel Association, President of the Chinese American Real Estate Professionals in year 2000, and Founder/Director of the Distinguished Citizen Society. He is a contributing member of the Asian Business League, Hong Kong Association and various Chamber of Commerce organizations throughout Southern California.

Lee received his MBA degree from Oklahoma Central State University in 1980.
Prior to coming to U.S., he had experiences in international trading as well as in insurance fields. He received a Bachelor's degree in Law from National Chung Hsing University in Taiwan.

The Company previously announced that Shirley Huang had been asked to serve as Chief Financial Officer, but she was unable to serve due to her other time commitments. Ms. Huang was provided with a copy of this Current Report on Form 8-K and declined to provide a statement.

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