VNET Appoints New Officer to Finance Leadership Team

VNET (Nasdaq: VNET) appointed Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance, effective February 13, 2026.

Rhea-AI Summary

VNET (Nasdaq: VNET) appointed Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance, effective February 13, 2026. Mr. Zhang is authorized to review and approve the company's financial statements and filings and will serve as the company's principal accounting officer under U.S. securities and Nasdaq rules.

Mr. Zhang joined VNET in October 2019, leads domestic debt financing and the Microsoft strategic partnership, and holds CMA and MBA credentials.

Positive

• Appointed Peter Zhihua Zhang as SVP Operational Finance effective Feb 13, 2026
• Authorized to review and approve SEC and Nasdaq financial filings as principal accounting officer
• Leads domestic debt financing and strategic partnership with Microsoft, supporting finance operations

Negative

• Interim CEO role remains filled by founder Josh Sheng Chen, indicating ongoing CEO transition

Argus Feb 13 session

-1.64% close to close Open Argus

Details

News Market Reaction – VNET

On Feb 13, the day this news came out, VNET closed 1.64% below the previous close.

Data tracked by StockTitan Argus for the Feb 13 session.

Key Figures

Effective date: Feb. 13, 2026 Join date: October 2019 Years of degrees: Bachelor’s and MBA

Effective date

Feb. 13, 2026

Appointment effective date for Senior VP, Operational Finance

Join date

October 2019

Mr. Zhang’s start date at VNET overseeing accounting and taxation

Years of degrees

Bachelor’s and MBA

Accounting degree and MBA from Jilin and Renmin universities

Historical Context

5 past events · Latest: Nov 20

5 events

1. Nov 20

   Q3 2025 earnings

   24h Move

   -1.2%

   Strong Q3 revenue and EBITDA growth with raised 2025 guidance.

2. Nov 11

   Earnings date notice

   24h Move

   +0.9%

   Scheduled Q3 2025 earnings release and conference call details.

3. Nov 04

   Green ABS/REIT deal

   24h Move

   -8.5%

   Issuance of first IDC-sector green asset-backed security via private REIT.

4. Sep 11

   Major wholesale order

   24h Move

   +14.9%

   Secured 40MW wholesale order for new Gu'an IDC campus.

5. Aug 21

   Q2 2025 earnings

   24h Move

   -8.0%

   Strong Q2 revenue and EBITDA growth, wholesale IDC acceleration.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

principal accounting officer, certified management accountant, nasdaq

3 terms

principal accounting officer regulatory

"Mr. Zhang will also serve as the Company's "principal accounting officer" in accordance..."

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

certified management accountant financial

"Mr. Zhang is a Certified Management Accountant (CMA, USA) and holds a bachelor's degree..."

A certified management accountant (CMA) is a professional who has passed a standardized exam and met education and experience requirements to show expertise in budgeting, forecasting, cost control and financial decision-making for businesses. Investors care because a CMA on a company’s finance team or in management signals stronger skill in translating numbers into operational plans—like a trusted navigator helping steer a company’s financial strategy and control risks that affect profitability and value.

nasdaq regulatory

"statements and related filings for SEC and Nasdaq compliance purposes, as applicable."

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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BEIJING, Feb. 13, 2026 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the appointment of Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance, effective immediately. Mr. Zhang will be responsible for the Company's financial operations and is authorized to review and approve the Company's financial statements and related filings for SEC and Nasdaq compliance purposes, as applicable. Mr. Zhang will also serve as the Company's "principal accounting officer" in accordance with applicable U.S. federal securities laws, SEC rules, and Nasdaq requirements.

Mr. Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET, commented, "We are delighted to welcome Peter to the operational finance leadership team. As a homegrown talent who has grown and developed through multiple key positions across our finance operations, Peter embodies our strong culture of nurturing internal leaders. His deep financial management expertise and extensive institutional knowledge will further strengthen our strategic execution, supporting sustainable growth and long-term value creation."

Mr. Peter Zhihua Zhang is an experienced finance executive with broad leadership experience across global and China-based enterprises and deep expertise in corporate financial governance and operations across multiple industries. He joined VNET in October 2019 to oversee the Company's accounting, taxation, and compliance functions. In addition, he has played a key role in establishing financial systems for several of the Company's business units, effectively supporting the Company's operational compliance and steady growth, and leads the Company's domestic debt financing initiatives and strategic partnership with Microsoft. Prior to joining VNET, he served as Chief Financial Officer at a TMT enterprise and as finance director at Anta Group, as well as in key finance roles at Lenovo and TDK. Mr. Zhang is a Certified Management Accountant (CMA, USA) and holds a bachelor's degree in accounting from Jilin University and a Master of Business Administration from Renmin University of China.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com

View original content:https://www.prnewswire.com/news-releases/vnet-appoints-new-officer-to-finance-leadership-team-302687596.html

SOURCE VNET Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new finance officer at VNET (Nasdaq: VNET) and when is the appointment effective?

The new finance officer is Peter Zhihua Zhang, appointed effective February 13, 2026. According to the company, he becomes Senior Vice President, Operational Finance and principal accounting officer for SEC and Nasdaq purposes.

What responsibilities does Peter Zhihua Zhang have as VNET's principal accounting officer?

He is authorized to review and approve financial statements and related filings for SEC and Nasdaq compliance. According to the company, he will oversee financial operations and reporting governance.

What is Peter Zhihua Zhang's experience and background at VNET before this promotion?

Mr. Zhang joined VNET in October 2019 overseeing accounting, taxation, and compliance functions. According to the company, he helped build financial systems and supported operational compliance and growth.

How might the appointment of Peter Zhang affect VNET's investor reporting and governance?

The appointment centralizes authority for financial reviews and filings under a dedicated principal accounting officer. According to the company, this aims to strengthen financial governance and SEC/Nasdaq compliance processes.

Does VNET still have an interim CEO after the finance appointment and who holds that role?

Yes, the company continues to have an interim CEO: Founder Josh Sheng Chen serves as Executive Chairperson and interim Chief Executive Officer. According to the company, he commented on the finance leadership appointment.