ReneSola Announces Management Appointments
March 10 2010 - 5:03AM
UK Regulatory
TIDMSOLA
ReneSola Announces Management Appointments
CFO to Become CSO;
VP of International Corporate Finance and Corporate Communications to Serve as
CFO;
Company Appoints New VP of Finance and New VP of Wafer Sales
JIASHAN, China, March 10 /PRNewswire-Asia/ -- ReneSola Ltd
("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global
manufacturer of solar wafers and provider of solar module original equipment
manufacturer ("OEM") services, today announced the following management
appointments:
(Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 )
=- Mr. Charles Bai, ReneSola's chief financial officer, has been appointed
chief strategy officer;
=- Ms. Julia Xu, ReneSola's vice president of international corporate
finance and corporate communications, will succeed Mr. Bai as CFO;
=- Mr. Henry Wang has been appointed vice president of finance;
=- Mr. Stephen Huang has been appointed vice president of wafer sales.
All management appointments have been approved by the Company's Board of
Directors and will take effect as of April 1, 2010.
Li Xianshou, ReneSola's chief executive officer, commented, "I am very pleased
to announce several new updates to our management team. First, I would like to
congratulate Charles on his move from CFO to CSO. Over the past four years,
Charles has done an exceptional job overseeing and improving our financial
management and internal controls while guiding us through our AIM and NYSE
listings and leading our fund raising campaigns. In his new role as CSO,
Charles will lead our strategic partnering initiatives by further developing
and fostering relationships with global solar companies which will allow us to
continue building upon our leading solar wafer and solar module OEM platform.
Second, I am delighted that Julia will assume the role of CFO. Since joining
ReneSola last year as vice president of international corporate finance and
corporate communications, she has helped to strengthen our financial practice
while becoming an integral part of our management team. Julia's in-depth
understanding of ReneSola's business and extensive financial background will
allow her to make a natural transition and I am very confident she will serve
us well in her new role."
Regarding the newly hired vice presidents of finance and wafer sales, Mr. Li
added, "It is my pleasure to announce the additions of Mr. Henry Wang and Mr.
Stephen Huang to ReneSola's management team. Their excellent track records and
deep industry experience are excellent additions to our team and we look
forward to capitalizing on their capabilities to further drive our business
initiatives."
Mr. Henry Wang has over 15 years of experience in financial services with
extensive experience in accounting and mergers and acquisitions. Before joining
ReneSola, Mr. Wang served as vice president of finance for Jiayu Logistic Group
and financial controller for Expeditors International Incorporation. Mr. Wang
holds CPA and CIA certifications and received his bachelor's degree from Wuhan
University and MBA from Hong Kong Opening University.
Mr. Stephen Huang, a former reserve officer for the Taiwan Marine Corps, has
over 18 years of managerial and sales experience, including 15 years in the
solar industry. Prior to joining ReneSola, Mr. Huang served as project director
for Taipei County Solar City. Mr. Huang received his bachelor's degree in
Agricultural Economics from Taiwan University.
In addition to the management appointments announced above, Mr. Yuncai Wu will
step down as vice president and serve solely as executive director. Dr. Mingde
Wang has left the Company and will no longer serve as vice president of
manufacturing.
About ReneSola
ReneSola is a leading global manufacturer of solar wafers. Capitalizing on
economies of scale, low cost production capabilities and technology
innovations, ReneSola leverages its in-house virgin polysilicon and solar cell
and module production capabilities to provide its customers with high-quality,
cost-competitive solar wafer products and solar module OEM services. The
company possesses a global network of suppliers and customers that include some
of the leading global manufacturers of solar cells and modules. ReneSola's
shares are traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the
London Stock Exchange (AIM: SOLA).
Safe Harbor Statement
This press release contains statements that constitute "forward-looking"
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act of 1995.
Whenever you read a statement that is not simply a statement of historical fact
(such as when we describe what we "believe," "expect" or "anticipate" will
occur, what "will" or "could" happen, and other similar statements), you must
remember that our expectations may not be correct, even though we believe that
they are reasonable. We do not guarantee that the forward-looking statements
will happen as described or that they will happen at all. Further information
regarding risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements is included in our
filings with the U.S. Securities and Exchange Commission, including our annual
report on Form 20-F. We undertake no obligation, beyond that required by law,
to update any forward-looking statement to reflect events or circumstances
after the date on which the statement is made, even though our situation may
change in the future.
For investor and media inquiries, please contact:
In China:
ReneSola Ltd
Ms. Julia Xu
Tel: +86-573-8477-3372
Email: julia.xu@renesola.com
Ogilvy Financial, Beijing
Mr. Derek Mitchell
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
In the United States:
Ogilvy Financial, New York
Ms. Jessica Barist Cohen
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvypr.com
In the United Kingdom:
Westhouse Securities Limited, London
Mr. Tim Feather / Mr. Richard Baty
Tel: +44-20-7601-6100
Email: tim.feather@westhousesecurities.com
richard.baty@westhousesecurities.com
SOURCE ReneSola Ltd
END
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