"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."
In her new role, Ms. Zhang will focus on strategic initiatives including building stronger relationships with key project finance partners and developing value-added solutions to support sales growth.
Ms. Zhang commented: "I am proud of helping to guide Suntech's development into a world leading solar company. As new generations of solar manufacturing technology emerge and are commercialized, I am convinced that solar will continue to assert itself as an economically viable alternative to traditional sources of energy generation. I look forward to focusing on key project initiatives that will help to fuel Suntech's ongoing growth and support our ability to deliver solar effectively across the globe."
Suntech has initiated an external search to identify and recruit a chief financial officer. Ms. Zhang will continue as chief financial officer until a successor has been chosen and will remain a director on the board.
