SAN FRANCISCO and WUXI, China, Aug 18, 2010 /PRNewswire via COMTEX/ --
Suntech Power
Holdings Co., Ltd. (NYSE: STP), the world's largest producer of crystalline
silicon solar panels, has advanced its global management team through the
promotion of six senior-level executives, including three corporate executives
and three regional presidents.
"As Suntech enters its next phase of development, with mature operations
across every major market and region, we are confident that we have the right
team assembled to guide us along our journey ahead," said Dr. Zhengrong Shi,
Suntech's founder, chairman and CEO. "The opportunities for Suntech have never
been greater, and it's exciting that we have strong and passionate
professionals eager to step up and take on more responsibility."
The following corporate executives will work across regions to enhance and
promote Suntech's global operations and brand:
-- David Hogg, former head of Suntech Europe, was appointed chief
operating officer of Suntech;
-- Hongkuan Jiang, former vice president of human resources, has been
promoted to chief human resources officer of Suntech; and
-- Andrew Beebe, former vice president of global product strategy, was
named chief commercial officer of Suntech and will be in charge of
global sales and marketing.
Suntech also made three key appointments to oversee and execute the growth
of its three regional operations: America, Europe, and APMEA (Asia Pacific,
Middle East, and Africa). These executives will manage diverse regional teams
- with scores of local engineers and business professionals - that are driving
Suntech's expansion in markets around the world:
-- Steven Chan, former president of global sales and marketing and chief
strategy officer, has been appointed president of Suntech America;
-- Jerry Stokes, former vice president of business development and
strategy for Europe, has been appointed president of Suntech Europe;
and
-- James Hu, former vice president of Suntech APMEA, has been promoted to
president of Suntech APMEA.
Mr. David Hogg, the former head of Suntech's Europe operations, has more
than twenty years of experience in the solar industry. Before joining Suntech
in 2009, he was a founder of CSG Solar AG (Germany) and led the company as CEO
from 2004. After graduating from the University of New South Wales with a
degree in mechanical engineering, Mr. Hogg began his solar industry career at
Unisearch where he was responsible for commercializing technologies developed
by the university's world-leading solar research teams.
With over twenty years of working experience in human resources and
related areas, Mr. Hongkuan Jiang joined Suntech earlier this year as vice
president of human resources. Prior to Suntech, he worked as a human resources
manager or director for several multinational companies, including General
Electric, Johnson & Johnson, and GDF Suez, both within and outside China. Mr.
Jiang earned a Ph.D. in international political economy from York University,
Canada and an M.A. degree from the Beijing Institute of Foreign Affairs.
Mr. Andrew Beebe joined Suntech in 2008, following the company's
acquisition of EI Solutions, a California-based regional solar installer.
Previously, he was the founder of Energy Innovations, a solar technology
development company, a partner at Clean Edge, a clean-tech consulting firm,
and co-founder and CEO of Bigstep, one of the world's first small business
e-commerce solutions providers. Mr. Beebe holds a B.A. degree in government
from Dartmouth College.
During his four years with Suntech, Mr. Steven Chan has led the expansion
of Suntech's U.S. operations and helped to build the company's sales, investor
relations, marketing, business development and legal functions. In addition,
he has been a key driver behind major corporate initiatives such as strategic
partnerships, investments and mergers and acquisitions. A New York qualified
corporate attorney, with a J.D. from Boston College Law School and an A.B.
degree from the University of California at Berkeley, Mr. Chan previously
worked as the acting CEO and general counsel of CDC Corporation.
With more than twenty years of energy industry experience, primarily in
Europe, Mr. Jerry Stokes joined Suntech in 2007 through the company's
acquisition of MSK Corporation, where he served as vice president of
international sales and marketing. Mr. Stokes previously worked as a sales and
marketing director of AEA Technology Battery Systems and as a sales director
with the battery division of Sanyo Energy UK. He holds an honours degree in
metallurgy from Brunel University in England.
Mr. James (Huiming) Hu joined Suntech in 2007 responsible for sales and
project management in the China market. He was then appointed vice president
of Suntech APMEA. Before joining Suntech, Mr. Hu was a product marketing
director for Siemens China, where he worked for nearly a decade. A trained
solar scientist, Mr. Hu holds a master's degree in photoelectronics from
Shandong University.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading
solar products for residential, commercial, industrial, and utility
applications. With regional headquarters in China, Switzerland, and the United
States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more
than 10,000,000 photovoltaic panels to over a thousand customers in more than
eighty countries. Suntech's pioneering R&D creates customer-centric
innovations that are driving solar to grid parity against fossil fuels.
Suntech's mission is to provide everyone with reliable access to nature's
cleanest and most abundant energy source.
For more information about Suntech's people and products visit
http://www.suntech-power.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements
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. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements,
and includes the ability of the senior management team to successfully guide
Suntech. Such statements involve certain risks and uncertainties that could
cause actual results to differ materially from those in the forward-looking
statements. Further information regarding these and other risks is included in
Suntech's filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F. Suntech does not undertake any obligation to
update any forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For further information, please contact:
Rory Macpherson
Investor Relations Director
Tel: +1-415-268-8975
Email: rory@suntech-power.com
Kristen McNally
Executive Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
SOURCE Suntech Power Holdings Co., Ltd.
