LightInTheBox (LITB) said Tuesday it named Zhi Yan as board chairman and director, effective Aug. 26.
The retailer said Yan succeeds Jian He, who will continue as a director and the company's chief executive officer.
Yan serves as the CEO and board chair at Zall Smart Commerce Group, board chair and non-executive director at Wuhan Hanshang Group and an independent director on the board of DouYu International, the company said.
Shares of LightInTheBox were up more than 33% in recent Tuesday trading.
Price: 0.59, Change: +0.15, Percent Change: +33.42
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