Renren Announces Appointment of New Chief Financial Officer

Renren Inc. (“Renren” or the “Company”), which operates several U.S.-based SaaS businesses, announced that Chris Palmer has been appointed as the Company’s Chief Financial Officer, effective September 6, 2021. Palmer succeeded Lucy Yang, who will continue to serve as Chief Financial Officer of Kaixin Auto Holdings.

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“On behalf of Renren’s Board of Directors and management team, I would like to thank Lucy for her numerous contributions and tireless work at Renren. I would also like to take this opportunity to warmly welcome Chris Palmer to the Company as we continue our quest to build and grow our portfolio of vertical SaaS businesses.  His experience helping companies scale and achieve rapid growth will prove valuable as we build leadership market positions for our SaaS businesses,” said Renren’s Chairman and Chief Executive Officer, Mr. Joseph Chen.

Prior to Joining RenRen, Palmer served as VP Finance at Twist Bioscience, a Global manufacturer of Synthetic DNA.  Prior to that, he was chief financial officer and chief innovation officer at Televerde, an outsourcer of Demand Generation and Inside Sales services.  Mr. Palmer has also worked at a number of semi-conductor businesses, including Intel Corporation, where he served in a variety of roles spanning M&A, finance, and general management. Mr. Palmer started his career at KPMG, is a Certified Public Accountant, and received his MBA, with honors, from Duke University’s Fuqua School of Business.

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