Suntech Appoints Philip Fan and Weiping Zhou to Board of Directors

Tue Mar 19, 2013 4:30pm EDT

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Mr. Zhou Appointed President of Suntech
WUXI,  China,  March 19, 2013  /PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP), one of the world's largest producers of solar panels, today
announced it has appointed two new directors to the Company's Board of Directors
effective immediately. Mr.  Philip Fan  has been appointed as an independent
director and Mr.  Weiping Zhou  has been appointed as an executive director of
the board and President of Suntech. With the new appointments, Suntech's board
of directors now has seven members including four independent directors.  

"We are delighted to welcome Mr. Fan and Mr. Zhou to Suntech's board of
directors," said Ms.  Susan Wang, Suntech's chairwoman. "Mr. Fan brings deep
experience across multiple industries and is a seasoned director of publicly
listed companies, and Mr. Zhou has broad experience in executive and financial
management positions during his time at Guolian Group. We are confident that
their knowledge and expertise will be invaluable as we navigate near-term
challenges and realize Suntech's long-term potential in the solar industry."

Mr. Fan was formerly an executive director and is now an independent
non-executive director of Hong Kong Stock Exchange listed China Everbright
International Ltd., a developer and operator of multiple waste-to-energy and
wastewater treatment plants in  China. He also serves as an independent
non-executive director at HKC (Holdings), Hysan Development Co., First Pacific
Co., Zhuhai Zhongfu Enterprise Co. Ltd and Goodman Group. Prior to that, Mr. Fan
was an executive director of CITIC Pacific Ltd in charge of industrial projects
in  China. Mr. Fan holds a Bachelor's degree in industrial engineering, a
Master's degree in Operations Research from  Stanford University  and a Master's
degree in Management Science from the  Massachusetts Institute of Technology.

As President of Suntech, Mr. Zhou will manage business operations and work with
Mr.  David King, Suntech's CEO, and the board to define the strategic direction
of the Company. Prior to joining Suntech, Mr.  Weiping Zhou  served as chairman
of Guolian Futures Co., Ltd and finance department manager of Guolian
Development (Group) Co. Ltd. Prior to that, he held management roles at Guolian
Securities and Hengda Securities. Mr. Zhou holds a Bachelor's degree in
accounting from  Hebei  College, and an executive MBA from Southeast University
in  China.  

About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for
residential, commercial, industrial, and utility applications. With regional
headquarters in  China,  Switzerland, and  the United States, and gigawatt-scale
manufacturing worldwide, 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.

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 Company's ability to navigate near term challenges and realize long-term
potential in the solar industry. 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 applicable
law.

For media enquiries, please contact:
Shashin Surti
Weber Shandwick for Suntech
Ph: +86 21 2411 0046
Email:  Suntech@webershandwick.com

 

 

SOURCE  Suntech Power Holdings Co., Ltd.

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