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SEC Filings

8-K
SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K on 10/13/2017
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Mr. Benya has received numerous industry awards including the Cable TV Vanguard Award, multiple ACE and CTAM Awards, six Marketing Executive of the Year Awards, the Paragon Communication President’s Award and a Time Warner Cable Innovation Award. He also holds six patents and has won a Technical Emmy Award.

 

“The President & CRO positions are a necessity based on our recent global expansion and Robert will be an essential part of our executive team as we continue to develop our B2B fintech-powered, supply chain solution,” said Bruno Wu. “His proven ability to manage and grow multiple revenue streams and provide high-level strategic insights will help us to capture our vast addressable market.”

 

“It’s clear that SSC’s approach to Artificial Intelligence and Blockchain technology coupled with its strong partnerships, is providing industrial enterprises with a completely new and cost-saving way of trading and doing business,” said Mr. Benya. “I’m honored to be selected as SSC’s first CRO and look forward to joining this talented team and working with our innovative partners and customers.”

 

In addition, Bruno Wu will continue in his role as Chairman and become the Company's next Chief Executive Officer (“CEO”), succeeding Bing Yang, who currently serves as President & CEO. Mr. Yang will resign from both the CEO and Director positions immediately, but will remain with the Company in an advisory role until the end of 2017 in order to complete a smooth transition. Mr. Yang will then return to Bruno Wu’s Sun Seven Stars Media Group in 2018. Mr. Wu stated, “Bing stepped into his CEO role at SSC 18 months ago and was key in drastically repositioning SSC for revenue growth for the very first time in its history. He has been a valuable change agent, most notably as we completed our pivot to become an Intelligent Industrial Internet company. He has always been an important partner to me and we are grateful for his service to the Company. Thanks to his leadership, deal making and decisiveness, SSC is now in a position to capitalize on multiple opportunities with SSC’s unique platform. Moving ahead, I look forward to personally leading SSC’s ongoing efforts to drive growth, improve performance and enhance shareholder value.”

 

Finally, Director Sean Wang has resigned from SSC’s Board of Directors, but will remain in an advisory role with the company until the end of 2017. At that point, Mr. Wang will return to Sun Seven Stars Media Group’s investment division.