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CHICAGO - Professional Diversity Network, Inc. (NASDAQ:IPDN), a micro-cap company with a market value of $4.37 million, appointed Xun Wu as its new Chief Executive Officer, effective July 22, 2025, the company announced Wednesday.
Wu, who previously served as Chief Editor at a News Media Center involved in China’s "Digital City" initiatives, brings experience in digital content, mass communication, and media system management to the role.
"His unparalleled experience in managing expansive media ecosystems, driving content strategy across diverse platforms, and understanding how to engage mass audiences is precisely what the Company needs as we expand our AI capabilities and global reach," said Howard Zhang, Chairman of the Board, in a press release statement.
The leadership change comes as IPDN recently eliminated all outstanding warrants, strengthening its financial profile. The company also added Haixia Lu to its board of directors.
Professional Diversity Network operates in several business segments, including talent acquisition through its TalentAlly platform and the International Association of Women (formerly NAPW), remote workforce solutions via RemoteMore (which it owns approximately 83%), and Web3 digital asset initiatives through QBSG/Wynpay.io. The company maintains impressive gross profit margins of 58%, though InvestingPro analysis reveals 12+ additional key insights about the company’s financial health and market position.
Wu indicated plans to focus on artificial intelligence development and Web3 initiatives, according to the company statement.
Professional Diversity Network describes itself as a technology holding company focused on workforce innovation, AI-powered solutions, and global talent marketplaces.
In other recent news, Professional Diversity Network, Inc. reported a change in its independent registered public accounting firm, with SR CPA & Co. appointed as the new auditor following the resignation of Sassetti LLC due to scheduling conflicts and resource considerations. Additionally, the company announced leadership changes, with the board accepting the resignation of Adam He as CEO, and Xun Wu stepping into the role. In financial developments, Professional Diversity Network issued $400,000 in convertible notes to two non-affiliated investors, providing the company with additional capital. Furthermore, the company entered into a warrant exchange agreement, resulting in the cancellation of 500,000 warrants in exchange for 333,333 shares of common stock. The company also saw changes in its financial leadership, with Megan Bozzuto resigning as interim CFO, while continuing her role as president of the International Association of Women, and Lisa Fan being appointed as the new interim CFO. Fan’s compensation includes an annual salary of $60,000, increasing to $72,000 after the interim period, along with stock awards valued at $20,000 annually. These developments highlight Professional Diversity Network’s ongoing strategic and financial adjustments.
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