XINYU CITY, CHINA & SUNNYVALE, USA: LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, has announced organizational changes to its management team.
Xingxue Tong, President and Chief Operating Officer will temporarily take over all manufacturing operation functions, including polysilicon and wafer production, as a result of the resignation of Nicola Sarno, Senior Vice President of Manufacturing. Sarno will leave the Company on October 16, 2009 to pursue personal interests.
"I would like to thank Chairman Peng for his vision and for giving me the opportunity to participate in the growth of LDK Solar," commented Sarno. "Most importantly, I would like to thank the LDK Solar team in Xinyu City, China, whose commitment and dedication has made LDK Solar a success story. Such success is an indication of the strength of the LDK Solar management team."
"Nick Sarno's contribution to building LDK Solar's wafer operations from scratch up to 1.6 GW annual capacity is greatly appreciated," stated Xiaofeng Peng, Chairman and CEO of LDK Solar.
"Nick has spent the last two years working on the 15,000 MT polysilicon plant, which recently commenced production. Nick will continue to support LDK Solar in an advisory role with respect to the ramp up of the polysilicon plant. We also wish him success in his new endeavors."
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