UTStarcom, Inc. has appointed Kenneth Luk as senior vice president and chief financial officer for its China operations, effective December 16, 2009.
"We have been conducting a search for a China-based CFO and Kenneth's combination of financial and operational expertise, industry knowledge, and experience with companies based in Asia make him an ideal choice to help drive the company's strategic direction and growth opportunities," says Peter Blackmore, UTStarcom's CEO and president.
Luk's business career spans over 30 years, including senior level financial and executive management positions at several Asian-based technology companies. Prior to joining UTStarcom, Luk served as CFO for China Sunergy Company Ltd. from December 2007 to March 2009. From April 2004 until June 2007, he was Corporate Controller, Asia/Japan of Freescale Semiconductor Hong Kong Ltd., a spin-off business of Motorola. From 1990 until the business spin-off, Luk served in a number of positions with Motorola Semiconductor Hong Kong Ltd., most recently as its Sector Controller of Asia/Japan from March 2002 to March 2004. Prior to joining Motorola Semiconductor, Luk worked for A.S. Watson & Company Limited as Group Credit Manager from July 1985 to December 1989. Luk began his career at The Hong Kong & Shanghai Banking Corporation Ltd. in 1977. Luk received a B.A. in Economics from University of Toronto in Canada and holds a M.B.A. from York University, Ontario, Canada.
Viraj Patel has been serving as the company's interim CFO while the search for a China-based CFO was being conducted. He will remain with the company for a transition period to assist Luk in his new role at the company.