News Update: Suntech Announced Amy Yi Zhang As VP Of Strategic Project Finance Initiatives

Suntech Power Holdings (NYSE:STP) announced that Amy Yi Zhang will assume a new role as Vice President in charge of Suntech's strategic project finance initiatives. Zhang has served as the company's CFO since August 2005 and a director since 2007. She will focus on strategic initiatives including building stronger relationships with key project finance partners and developing value-added solutions to support sales growth. ""Amy Zhang has served a vital role in the growth and global expansion of Suntech to date and we are extremely grateful for her enormous contribution as CFO,"" said Dr. Zhengrong Shi, Suntech's Founder, Chairman and CEO. ""As we look to Suntech's future, we believe project financing initiatives will be an integral component of our evolution as a leading provider of solar solutions worldwide. Given her rich history with Suntech and deep understanding of the solar industry along with her financial acumen and extensive knowledge of project economics, she is the natural and ideal figure to help spearhead our project strategies globally."" The company also said that it is looking to identify and recruit a CFO, but added that Zhang will continue until a replacement is found.

View Count: 0 Date: July 14, 2010