SAN FRANCISCO and WUXI, China, July 7 /PRNewswire-Asia/ -- Suntech Power
Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic (PV) module
manufacturer, today announced changes to the operations management team to
further improve management effectiveness. Mr. Johnson Chiang resigned from his
position as Chief Operating Officer of the Company effective July 3, 2009 for
personal reasons. Mr. Guangchun Zhang, Suntech's Vice President of
Manufacturing Technology and Quality, will take over management of all
crystalline silicon PV manufacturing operations in China. Dr. Zhengrong Shi,
Suntech's Chairman and CEO, will temporarily oversee management of the
Shanghai thin film plant, KSL Kuttler and BIPV manufacturing operations at
Suntech Japan until a suitable replacement is found.
"We appreciate Johnson's significant contributions to Suntech over the
past year and wish him all the best in the future," said Dr. Shi. "Guangchun
has extensive operations, technology and quality experience in the solar
industry and we have no doubt he will easily transition to this expanded role.
Our highly qualified and experienced operations team will continue to ensure
that our solar products set the benchmark for quality in the solar industry."
Mr. Guangchun Zhang has over 15 years experience in the photovoltaic
industry and previously worked at the Centre for Photovoltaic Engineering at
the University of New South Wales in Australia and Pacific Solar Pty. Limited.
Mr. Zhang received his bachelor degree and his master degree in 1982 and 1988,
respectively, from the School of Electronic Engineering at Shandong
Polytechnic University. Mr. Zhang joined Suntech as VP of Manufacturing
Technology and Quality in November 2005.
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of crystalline silicon solar
modules. Suntech designs, develops, manufactures, and markets premium quality,
high-output, cost-effective and environmentally friendly solar products for
electric power applications in the residential, commercial, industrial, and
public utility sectors. Suntech's patent-pending Pluto technology for
crystalline silicon solar cells improves power output by up to 12% compared to
conventional production methods. Suntech also offers one of the broadest
ranges of building-integrated solar products.
Suntech designs and delivers commercial and utility scale solar power
systems through its wholly owned subsidiary Suntech Energy Engineering and
will own and operate projects greater than 10 megawatts in the United States
through Gemini Solar Development Company, a joint venture with Renewable
Ventures, a Fotowatio company. With regional headquarters in China,
Switzerland and San Francisco and sales offices worldwide, Suntech is
passionate about improving the environment we live in and dedicated to
developing advanced solar solutions that enable sustainable development. For
more information, please visit http://www.suntech-power.com .
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,
and includes the ability of Suntech to set the benchmark for quality in the
solar industry. Such statements involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking 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
For further information, please contact:
Investor Relations Director
Suntech Power Holdings Co., Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
SOURCE Suntech Power Holdings Co., Ltd.
/CONTACT: In China: Rory Macpherson, Investor Relations Director, Suntech
Power Holdings Co., Ltd., +86-21-6288-5574 or firstname.lastname@example.org; In the
United States: Sanjay M. Hurry, Vice President, The Piacente Group, Inc.
(Investor Relations Counsel, Suntech), +1-212-481-2050 or email@example.com/
/Web site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.
IN: OIL UTI CPR
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