China Sunergy Co., Ltd. announces that its chief financial officer, Siegfried Yi Chou Hsu, has resigned from his current role for personal reasons. His resignation is effective from October 31, 2010.
The search for his replacement has been initiated. Meanwhile, China Sunergy has appointed Yongfei Chen as financial controller, who will manage the company's daily financial operations, taking over part of the CFO's function in the interim. Stephen Zhifang Cai, CEO of China Sunergy will directly oversee the company's investor relations programs, and FD will continue to be the primary contact with the investment community. Chen will report directly to Cai until a new chief financial officer has been appointed.
Yongfei Chen joined China Sunergy as financial controller on November 1st, 2010. Prior to joining China Sunergy, Chen was the general manager of the finance department at China Electric Equipment Group, China Sunergy's affiliated company, from 2008. Chen holds a bachelor's degree in Industrial Management from Yanshan University in Hebei, China.