Virgin Mobile USA Appoints Two New Board Members From SK Telecom
Tuesday, September 16, 2008 10:05 AM
Symbols: SKM, VM

WARREN, N.J., Sept. 16 /PRNewswire-FirstCall/ -- Virgin Mobile USA, Inc. (NYSE: VM), a leading national provider of wireless communications services, today announced the appointment of Richard Chin and Sungwon Suh to its board of directors following Virgin Mobile USA's recent acquisition of Helio LLC and SK Telecom's related investment in Virgin Mobile USA.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )

'The addition of SK Telecom as a key strategic partner and subsequent appointment of Sungwon and Richard to our board will provide us with additional insight and experience with innovative services, opening new avenues for Virgin Mobile USA to strengthen its position in the market,' said Dan Schulman, Virgin Mobile USA CEO. 'SK Telecom is the leading wireless provider in Korea and known around the world for advancing the industry on a global scale. We look forward to tapping into this expertise and personal contributions of Sungwon and Richard. Both gentlemen have valuable telecom industry experience that we are eager to acquire.'

Richard Chin is President of SK Telecom Americas, a U.S. subsidiary of SK Telecom. In this role, he oversees all U.S. businesses, with a goal of developing various opportunities to access and penetrate the market. In addition to developing a U.S. market entrance strategy, Chin leads development in organic growth engine solutions as well as new business opportunities in and outside of the telecom industry.

Prior to heading SK Telecom Americas, he held several positions at Motorola, including Corporate Vice President of Global Product Marketing and Business Ventures & Development. Chin has also held senior positions at Searle Pharmaceuticals, NutraSweet Company, Kraft Foods, and Accenture; he holds a J.D. from John Marshall Law School and a Bachelor's Degree from the University of Chicago.

Sungwon Suh is Executive Vice President, Head of Global Strategy and Investment for SK Telecom. In this role, Sungwon oversees SK Telecom's overall globalization drive via partnerships and M&A activities. He was also a member of the board for Helio. Formerly Senior Vice President of Corporate Development for SK Telecom, Suh also served as Senior Vice President of Strategic Planning for SK Group, one of Korea's leading conglomerates with interests in energy, telecommunications, trading and distribution.

Prior to joining SK Group, he was an associate partner at McKinsey Consulting.


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