Telestone Technologies Corporation, a developer and provider of telecommunications local access network solutions based in China, has appointed Xiaoli Yu as CFO of the company, effective May 11. In addition to Yu's appointment, Vicente Liu has joined Telestone as VP of finance.
Yu has 12 years of experience at Telestone and has held various positions at the company during her tenure. Yu started her career with Telestone in 1999 and initially joined the company as a staff accountant from 1999 to 2001. From 2001 to 2005, Yu was treasurer of the company. From 2005 to 2008, Yu was the accountant manager of the company's equipment business. In 2008, she headed the company's Yunnan branch office, and was promoted to financial controller in 2009 where she was the assistant to the former CFO and provided oversight on audits, financial reports and reported directly to the company's CEO on matters of internal management. Yu holds a Bachelor's degree in accounting from Dongbei University of Finance and Economics.
Liu joined the company's finance team as VP of Finance on May 10, 2010. Liu will serve as the company's investor contact and company spokesperson. Liu has a long career in investment banking focused on emerging growth companies, having worked previously as a director for Oppenheimer's Asia investment banking division and as China Representative for Cowen's Asia investment banking division. Liu also worked for KPMG Corporate Finance in Los Angeles. Liu received his Bachelor's degree from the University of Southern California and is fluent in Mandarin and English. Liu is based in Hong Kong, SAR, and Beijing.