Suntech Power Holdings
Welcome to Chinasecurities
March 10, 2009
HOT OFF THE CHINA SECURITIES BLOG .... 1. Canadian Solar (NASDAQ:CSIQ) - 4Q09 net revenues of $287.0 million
2. Gulf Resources (NASDAQ:GFRE) - Net income was $30.6 million, or $1.00 per basic and diluted share, a year-over-year increase of 36.6% from $22.4 million
3. DEER Consumer Products (NASDAQ:DEER) - Record Revenue of $81.3 million, an increase of 86% from $43.8 million in 2008
Dr. Zhengrong Shi is Suntech’s founder, chairman of the board of directors and chief executive officer. Prior to founding Suntech in 2001, he was a research director and executive director of Pacific Solar Pty., Ltd., an Australian PV company engaged in the commercialization of next-generation thin film technology, from 1995 to 2001. From 1992 to 1995, he was a senior research scientist and the leader of the Thin Film Solar Cells Research Group in the Centre of Excellence for Photovoltaic Engineering at the University of New South Wales in Australia, the only government-sponsored PV industry research center in Australia.
Dr. Shi is the inventor for 11 patents in PV technologies and has published or presented a number of articles and papers in PV-related scientific magazines and at conferences. He received a bachelor's degree in optical science from Jilin University in China in 1983, a Masters degree in laser physics from the Shanghai Institute of Optics and Fine Mechanics, the Chinese Academy of Sciences in 1986, and a Ph.D. degree in electrical engineering from the University of New South Wales in Australia in 1992.
Mr. Zhi Zhong Qiu is the managing director of ABN AMRO in charge of the Greater China practice. He is the founder and chairman of Dragon Advisors Limited, and the chairman of the board of directors of the DragonTech Ventures Management Company, the management company for DragonTech Ventures Fund. Mr. Qiu is also the founder and chairman of Quartz Capital Companies, a group of companies engaged in direct investment and business and strategic consulting in China. From 1998 to 2002, Mr. Qiu was chairman of the Greater China Region of Credit Suisse First Boston, or CSFB. From 1995 to 1998, Mr. Qiu was a managing director of CSFB and was responsible for all derivatives activities for Credit Suisse Financial Products, CSFB's financial derivatives affiliate. Mr. Qiu has received a bachelor’s degree magna cum laude in computer science from New York University, a bachelor’s degree summa cum laude in electrical engineering from Cooper Union, a master’s degree in electrical power engineering from Ohio State University, and an MBA from Harvard Business School.
From May 2005 to date, Mr. Julian Ralph Worley has been an independent non-executive director and the chairman of the audit committee of Mandra Forestry Finance Limited and its holding company, Mandra Forestry Holdings Limited. In September 2003, Mr. Worley retired from PricewaterhouseCoopers, where he had served as a consultant in the Philippines from September 2000, and prior to that, as an audit partner at Price Waterhouse Hong Kong (later PricewaterhouseCoopers) for over 25 years.
Mr. Worley graduated from the London School of Economics and Political Science, University of London, with a bachelor’s degree in economics. Mr. Worley is qualified as a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of the Hong Kong Institute of Certified Public Accountants and a fellow of the Hong Kong Institute of Directors.
Amy Yi Zhang has been Suntech’s chief financial officer since August 2005 and a director on the board since February 2007. From 2004 to 2005, Ms. Zhang was a director and the chief financial officer of Deloitte Consulting China and was responsible for the management of various departments, including finance, accounting, human resources and IT, as well as back office management and general office administration. From 1999 to 2004, she was the chief financial officer of Atos Origin China, and from 1997 to 1999, she worked as the financial controller of Atos Origin China. Ms. Zhang received her bachelor's degree from Nanjing University in China in 1989 and a Masters degree in business administration from the joint MBA program of Webster University and Shanghai University of Finance & Economics in 1998.
Mr. Maynard was formerly a partner and Head of the Asian Special Situations Group at Goldman Sachs (Asia) LLC based in Hong Kong. He has over 14 years of experience in principal investing with a focus ranging from distressed companies to growth private equity. Previously, he held positions at Merrill Lynch Asia Pacific, Chase Manhattan Asia and Citicorp International. Mr. Maynard received his bachelor's degree in East Asia Political Economy from Hamilton College in the United States.
Amy Yi Zhang has been Suntech’s chief financial officer since August 2005 and a director on the board since February 2007. From 2004 to 2005, Ms. Zhang was a director and the chief financial officer of Deloitte Consulting China and was responsible for the management of various departments, including finance, accounting, human resources and IT, as well as back office management and general office administration. From 1999 to 2004, she was the chief financial officer of Atos Origin China, and from 1997 to 1999, she worked as the financial controller of Atos Origin China. Ms. Zhang received her bachelor's degree from Nanjing University in China in 1989 and a Masters degree in business administration from the joint MBA program of Webster University and Shanghai University of Finance & Economics in 1998.
Johnson Chiang joined Suntech in August, 2008 as Chief Operating Officer with responsibility for all aspects of manufacturing management. Prior to joining Suntech, Mr. Chiang worked in business development, manufacturing, quality, supply chain management, and worldwide operations for Foxconn Technology Group and Solectron Corporation. Mr. Chiang holds a master's degree in industrial engineering from the University of Texas at Arlington, an MBA from Santa Clara University in California and a bachelor's degree in industrial engineering from Chung-Yuan Christian University in Taiwan.
Dr. Stuart Wenham has been the chief technical officer since July 2005. Dr. Wenham is also currently a Scientia Professor and the Director of the Centre of Excellence for Advanced Silicon Photovoltaics and Photonics, at the University of New South Wales in Australia. From 1995 to 2004, he was the co-director of Research at Pacific Solar Pty. Ltd. From 1999 to 2003, he was the head of School for Photovoltaic Engineering and the director of the Key Centre for Photovoltaic Engineering at the University of New South Wales. From 1996 to 1998, he was the head of the Electronics Department and from 1991 to 1998, the associate director of the Photovoltaics Special Research Centre, also at the University of New South Wales. In 1999, Dr. Wenham received The Australia Prize for Energy Science and Technology and in 1998, the Chairman's Award at the Australian Technology Awards, in both cases jointly with Martin A. Green. Dr. Wenham received his Ph.D. degree in electrical engineering and computer science from the University of New South Wales in Australia in 1986.
Mr. Steven Chan was promoted to President Global Sales/Marketing in October 2008 and has been Chief Strategy Officer since August 2007. Mr. Chan started with Suntech in September 2006, originally serving as the company’s Vice President of Business Development. Mr. Chan is focused on enhancing and solidifying Suntech’s long term focus to be a leading solar energy company. His primary responsibilities include the global sales and marketing organization, strategy and business development, international silicon procurement, legal and investor relations functions. Mr. Chan also focuses on new business initiatives in North America as well as on fostering key relationships with partners and suppliers.
Prior to joining Suntech, Mr. Chan worked at CDC Corporation, a NASDAQ-listed, Greater China-based enterprise software and online/mobile services company, most recently serving as its Acting CEO and previously as its General Counsel and Company Secretary. Prior to that, Mr. Chan was a New York-qualified corporate attorney with Morrison & Forester LLP and Milbank, Tweed, Hadley & McCoy LLP. Mr. Chan graduated from the University of California at Berkeley and received a JD law degree from the Boston College Law School.
