China New Energy Group Company, an energy project developer specialising in the discovery, development, and distribution of natural gas in China, has appointed Eric Yu as CFO, effective September 28, 2009. Yu replaces Peng Mun Foo, who left the company for personal reasons.
Yu, age 41, is a Certified Public Accountant and has 16 years of experience in corporate accounting and finance. He joins China New Energy from Benda Pharmaceutical, Inc., where he served as the CFO since February 2007. Previously, Yu served in Financial Controller positions at Beijing Teletron Telecom Engineering Co. Ltd. and PayEase Inc., and for the portfolio companies of AsiaVest Investment Advisory Ltd. He began his career with Deloitte, a leading public accounting firm.
Yu received his Bachelor of Commerce degree in Accountancy and Legal Studies from the University of Wollongong in New South Wales, Australia.