Susan Wang Appointed Chairwoman of Suntech's Board of Directors
WUXI, China, March 4, 2013
WUXI, China, March 4, 2013 /PRNewswire/ --Suntech Power Holdings Co., Ltd.
(NYSE: STP), one of the world's largest producers of solar panels, today
announced that Ms. Susan Wang has been appointed chairwoman of the board of
directors, effective immediately. A director of Suntech since April, 2009,
Ms. Wang replaces Dr. Zhengrong Shi, who will remain a director of Suntech.
The board thanks Dr. Shi for his contributions as chairman.
"I'm pleased to have been elected chairwoman of Suntech's Board of Directors,"
said Ms. Susan Wang. "Suntech's board and management team are focused on
resolving critical capital structure initiatives and charting Suntech's path
forward as a leading supplier of solar products."
Ms. Wang formerly served as the Executive Vice President of Corporate
Development and Chief Financial Officer forSolectron Corporation, a worldwide
provider of electronics manufacturing services, where she worked from 1984
until 2002 and during which she helped to guide Solectron's revenue growth
from$40 millionin 1984 to over$14 billionin 2002. Prior to Solectron, Ms.
Wang held financial and managerial positions withXerox
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for
residential, commercial, industrial, and utility applications. With regional
headquarters in China, Switzerland, and the United States, and gigawatt-scale
manufacturing worldwide, Suntech has delivered more than 25,000,000
photovoltaic panels to over a thousand customers in more than 80 countries.
Suntech's pioneering R&D creates customer-centric innovations that are
designed to drive solar to grid parity against fossil fuels. Suntech's mission
is to provide everyone with reliable access to nature's cleanest and most
abundant energy source.
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements.
Further information regarding these and other risks is included in Suntech's
filings with the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F. Suntech does not undertake any obligation to update any
forward-looking statement as a result of new information, future events or
otherwise, except as required under applicable law.
SOURCE Suntech Power Holdings Co., Ltd.
Contact: Rory Macpherson, Investor Relations Director, Suntech Power Holdings,
Co. Ltd., email@example.com, +86 21 2416 3888 x1910
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