Xinyuan Real Estate Announces Appointment of Chief Financial Officer
BEIJING, Sept. 11, 2013
BEIJING , Sept. 11, 2013 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. (NYSE:
XIN, "Xinyuan" or "the Company"), a real estate developer with a focus on high
growth cities in China, today announced the appointment of Mr. Kevin Wei as
its new Chief Financial Officer.
Mr. Kevin Wei, who replaces retiring CFO Tom Gurnee, joins Xinyuan from IFM
Investments Limited (NYSE: CTC), a real estate service provider and franchisor
for CENTURY 21 in China, where he served the Chief Financial Officer since
2007 and as a director since 2008. Mr. Wei has extensive experience in
accounting & auditing, SEC reporting, corporate finance and corporate
governance. Prior to IFM, Mr. Wei held the Chief Financial Officer position at
Solarfun Power Holdings Co., Ltd., (i.e. Hanwha SolarOne Co., Ltd.) (Nasdaq:
HSOL), a Chinese solar company listed in U.S. He also previously served as the
head of internal audit for LG Philips Displays International Ltd., and as the
head of regional corporate audit for the Asia Pacific region for Altria
Corporate Services Inc. Prior to his corporate experience, Mr. Wei worked with
KPMG LLP and Deloitte & Touche LLP in both the US and China where he gained
extensive external audit and merger & acquisition advisory experience. Mr. Wei
earned his bachelor's degree from Central Washington University with a double
major in Accounting and Business Administration. He is also a member of
American Institute of Public Accountant.
Mr. Yong Zhang, Chairman and Chief Executive Officer of Xinyuan, commented,
"We are very pleased that Kevin has joined our executive management team. As
an experienced CFO, he brings over 22 years financial reporting & analysis,
corporate finance, internal controls, and capital markets experience. We
remain excited about our business momentum and look forward to Kevin's
contributions to our continued progress."
About Xinyuan Real Estate Co., Ltd. (NYSE:XIN)
Xinyuan Real Estate Co., Ltd. ("Xinyuan") (NYSE: XIN) is a developer of large
scale, high quality residential real estate projects aimed at providing
middle-income consumers with a comfortable and convenient community lifestyle.
In China, Xinyuan primarily focuses its development projects in Tier II
cities, Zhengzhou, Ji'nan, Suzhou, Kunshan, Xuzhou, Chengdu and Hefei. The
Company's U.S. development arm, XIN Development Group International, Inc.
("XIN Int."), is a pioneer amongst Chinese real estate residential developers,
entering the US market in 2012. Xinyuan is the first real estate developer
from China to be listed on the New York Stock Exchange. For more information,
please visit http://en.xyre.com/ir.html.
For more information, please contact:
Xinyuan Real Estate Co., Ltd.
Ms. Helen Zhang
Tel: +86 (10) 8588-9255
In U.S.: +1 646-308-1472
In China: +86 (10) 6583-7511
SOURCE Xinyuan Real Estate Co., Ltd.
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