Duoyuan Global Water Inc., a China-based domestic water treatment equipment supplier, has appointed Ping Wei to the Company's Board of Directors and as Chairperson of the Audit Committee. Wei is currently the chief financial officer of China Distance Education Holdings Limited. Wei replaces Christopher P. Holbert, who resigned from the Company's Board of Directors and as the Company's Audit Committee Chairperson effective August 26, 2009, to become the chief executive officer of Asian Financial Inc, an affiliate of Duoyuan.
Wei brings extensive accounting and finance experience to Duoyuan's Board of Directors. Prior to her role at China Distance Education Holdings Limited, where she facilitated its initial public offering in July 2008, Wei was the director of finance and controller at New Oriental Education and Technology Group from 2005 to 2008. In 2004, Wei was the head of New Oriental's North American operations. Prior to that, Wei held positions of acting CFO, controller and assistant controller at Lorus Therapeutics Inc., a Canadian biopharmaceutical company listed on both the Toronto Stock Exchange and the American Stock Exchange. Prior to working at Lorus, Wei was an auditor for seven years with Deloitte & Touche in Toronto and Arthur Andersen in Beijing. Wei is a Canadian Chartered Accountant and a Certified Public Accountant in the U.S. She received her bachelor's degree in international accounting from the Central University of Finance and Banking in Beijing in 1993.
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