WUXI, CHINA: Suntech Power Holdings Co. Ltd, the world's largest producer of solar panels, announced that David W. King will succeed Ms. Amy Zhang as Suntech's Chief Financial Officer.
King will join the company in April 2011 and will overlap with Ms. Zhang in early April for transitional purposes. Post the transition, Ms. Zhang will leave Suntech and resign her position on the Board of Directors to pursue other opportunities.
"I would like to thank Amy for the integral role she has played guiding Suntech's transition to a global leader in solar," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "We are grateful for her service both as an executive and member of the Board and wish her well in her future endeavors."
Commenting on King's appointment, Dr. Shi stated: "It is a great pleasure to welcome David to Suntech where his strong executive credentials and global business perspective will be an excellent fit with our organization. A seasoned CFO from a multi-billion dollar U.S. public company, David also brings a valued background from a business culture that promotes sustainability and social responsibility. I believe that his strategic vision and financial acumen will be great assets to our management team and will help Suntech to continue to grow and compete successfully around the world."
King is the former CFO and treasurer of Tetra Tech Inc., a leading provider of consulting, engineering, program management, construction, and technical services addressing the resource management, energy and infrastructure markets. Prior to Tetra Tech, King served as VP of Finance and Operations of Walt Disney Imagineering, and earlier, as VP and CFO of the Asia Pacific region for Bechtel Group, Inc., a global engineering, construction and project management company.
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