Tom Gurnee, Chief Financial Officer of Xinyuan Real Estate Co., Ltd. plans to retire as CFO in August 2013. Gurnee has been CFO of the company for the past four and a half years.
Gurnee will remain on the company's Board of Directors following his retirement as CFO.
The company has formed a search committee, which includes members of the Board's audit committee, to lead the effort to locate Gurnee's successor. The company plans to have a new CFO in place prior to Gurnee's retirement in order to provide an orderly transition.