Key Developments: China Electric Motor Inc (CELM.PK)

China Electric Motor, Inc. Announces Management Change
Tuesday, 20 Sep 2011 08:00am EDT 

China Electric Motor, Inc. announced that Mr. Yue Wang has resigned his positions as President and Chief Executive Officer of the Company and as a member of the Board of Directors of the Company (the Board), and Mr. Fugui Wang has resigned his position as Chairman and a member of the Board. They also resigned their respective positions with the subsidiaries of the Company; The Board has appointed each of Mr. Xiaohui Li and Ms. Xiaoying Zhou to serve as directors. As a result, the Board currently consists of three members -- namely, Mr. Xiaohui Li , Ms. Xiaoying Zhou and Mr. Liang Tang ; The Board has appointed Mr. Xiaohui Li to serve as President and Chief Executive Officer of the Company and as Chairman of the Board, effective immediately.  Full Article