Sharon Tong, Executive Director and Chief Financial Officer of SOHO China has resigned from the company on May 13.
"Sharon Tong's resignation is unlikely to have a material negative impact on the company's day-to-day operations because the existing management team has a track record of managing the company through past down-cycles," says Gerwin Ho, a Moody's Vice President and Senior Analyst.
Moody's considers that the management team has demonstrated a solid track record in managing the company's operations and refinancing activities.
While the company has yet to announce a replacement for the CFO position, its Executive Director and President Yan Yan will serve as interim CFO.
Yan has been with SOHO China since 1996 and previously acted as the company's COO and CFO. Her wide experience will support the company's ongoing operations and financial management during the interim period.