Chief Financial Officer of American Dairy Named Among China's Top Ten CFOs of 2008
April 23 2009 - 9:00AM
PR Newswire (US)
BEIJING and LOS ANGELES, April 23 /PRNewswire-FirstCall/ --
American Dairy, Inc. (NYSE Arca: ADY) ("American Dairy" or the
"Company"), one of the leading producers and distributors of
premium infant formula, milk powder and soybean, rice and walnut
products in China, today announced that the Company's Chief
Financial Officer, Mr. Jonathan H. Chou, was honored with a
"China's Top Ten CFOs of 2008" award at the CFO World Magazine's
fourth annual CFO Summit (the "CFO Summit") on April 10th, 2009.
Each year, ten award winners are carefully selected from both
private and public domestic Chinese companies. Nominated CFOs go
through a three-step elimination process. A selection committee
evaluates individuals based on criteria including their abilities
to manage risk and maintain healthy cash flow for their companies,
their achievements in guiding companies through crisis situations
and their leadership skills and ethics. This year, the theme of the
CFO Summit was "Navigating through the financial crisis," with
discussions that focused on maintaining and preserving steady
growth through the downturn. Other award recipients for 2008
included the CFOs from Sany Heavy Industry, China Distance
Education, Sanyuan Group, Airmedia Group and SAIC Motor. Mr.
Jonathan H. Chou stated, "I am particularly honored to be
recognized by CFO World as one of China's top CFOs. Though the
macro environment has been tough, it has also presented us the
opportunity to prove the strength of our business. I believe the
recognition demonstrates American Dairy's operational excellence
and the management team's continuous efforts and dedication to
enhance the Company's financial reporting capabilities." About
American Dairy, Inc. American Dairy, Inc. (NYSE Arca: ADY) is one
of the leading producers and distributors of premium infant
formula, milk powder, and soybean, rice walnut products in the
People's Republic of China. American Dairy conducts operations in
China through its wholly owned subsidiary, Feihe Dairy. Founded in
1962, Feihe Dairy is headquartered in Beijing, China, and has
processing and distribution facilities in Kedong, Qiqihaer,
Baiquan, Gannan, Shanxi, and Langfang. Using proprietary processing
techniques, American Dairy makes products that are specially
formulated for particular ages, dietary needs and health concerns.
American Dairy has over 200 company-owned milk collection stations,
six production facilities with an aggregate milk powder production
capacity of approximately 1,220 tons per day and an extensive
distribution network that reaches over 50,000 retail outlets
throughout China. For more information about American Dairy, please
visit http://www.americandairyinc.com/. CONTACT Integrated
Corporate Relations, Inc. In the United States: Ashley Ammon:
203-682-8200 In China: Wei-Jung Yang: 86-10-6599-7968 DATASOURCE:
American Dairy, Inc. CONTACT: United States, Ashley Ammon,
+1-203-682-8200; or China, Wei-Jung Yang, 86-10-6599-7968, both of
Integrated Corporate Relations, Inc. Web Site:
http://www.americandairyinc.com/
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