Changyou.com Limited announced that Mr. Tao Wang has resigned as its Chief Executive Officer for personal reasons. Changyou's Board of Directors has appointed Ms. Carol Yu, President and CFO of Sohu.com Inc., and Mr. Dewen Chen, President, to be Co-CEOs of the Company. Ms Yu will remain in her position as President and CFO of Sohu in addition to her new role with the Company.

Mr. Wang will continue to serve as a Director of the Company.