Suntech: New acting CFO

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WUXI, China - Suntech Power Holdings Co., Ltd. (OTC: STPFQ) announced that Mr. Deyong He has been appointed as the fourth member of Suntech's Board of Directors, as well as acting CFO. Mr. He joins Messrs. Michael Nacson, Kurt Metzger and Dr. Zhengrong Shi on Suntech's Board.

The Board also appointed Mr. Metzger as the second member of the Audit, Compensation and Nominating Committees joining Mr. Nacson on each of these committees.

Mr. He has served as Corporate Finance/Treasury Director of Suntech since 2012. Prior to Suntech, Mr. He served as Treasury Director / Managing Director of IMC Pan Asia Alliance (China) Co., Ltd. / IMC-GATX Financial Leasing (Shanghai) Co., Ltd. from 2008 to 2012, Head of Treasury of LANXESS Chemical (China) Co., Ltd from 2006 to 2008, and Head of Treasury of Chia Hsin Cement Greater China Holdings Co., Ltd. from 2000 to 2006. Prior to 2000, he served as a project manager in various entities in the development of real estate and civil engineering.

Mr. He has in-depth corporate finance experience and multicultural exposure across manufacturing, shipping, real estate and logistics and leasing industries with European, American and Asian companies. Mr. He holds a Bachelor of Science degree from Tongji University and Masters of Business Administration degree from Fudan University.

About Suntech

Suntech Power Holdings Co., Ltd. (OTC: STPFQ) produces solar products for residential, commercial, industrial, and utility applications. 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.


Ryan Scott Ulrich
Public Relations and Investor Relations Director
Ph: +86 510 8531 8654
Email: [email protected]

SOURCE: Suntech Power Holdings Co., Ltd.
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