Jay Kenneth ChangChinese online and mobile game maker KongZhong Corp said Tuesday that Chief Financial Officer Jay Kenneth Chang will replace co-founder Nick Yang on its board of directors.Yang informed the board of his decision to resign from the board as vice chairman effective Tuesday to focus on personal business ventures.
Chang will serve the rest of Yang's term, which ends in 2011.
Shares of KongZhong, which is based in Beijing, rose 16 cents, or 2.7 percent, to close at $6.03.
