Hersh Edelman Announces Retirement of Chief Financial Officer Karl Lee Ong

Online, January 20, 2011 (Newswire.com) - Hersh Edelman today announced that Karl Lee Ong, its chief financial officer (CFO), is retiring from the company to become a partner at a Shanghai venture capital firm. The company plans to consider both internal and external candidates to fill the CFO position. Mr. Peters, co head at Hersch Edelman will assist with the transition.
"I will miss Hersh Edelman a great deal, but it is time for me to move to a new chapter in my life," Mr. Ong said. "Im looking forward to a greater emphasis on community and business participation."
"I want to thank Karl for his terrific contribution over the past 7 years and his participation in building a thriving set of businesses," said Mr. Peters. "Karl has done an awesome job building a world-class finance organization for Hersh Edelman and leaves behind him a very capable team."