Andrew Chen to join Canadian Solar as new chief financial officer

Andrew Chen has been selected as the successor for the CFO position at Canadian Solar, while Arthur Chien, the company’s previous CFO, will continue with the company as special advisor to the CEO’s office until the end of this year. Chen comes from Shengda Tech where he was chief financial officer from April 2009 until September 2010. He also served as CFO to Trony Solar Holdings between September 2008 and March 2009. Chen’s appointment as CFO for Canadian Solar will begin immediately.

Dr. Shawn Qu (pictured), chairman and CEO remarked, "We are very pleased that we have been able to attract such a qualified candidate for this important position.  Andrew's impressive financial background and solar industry experience will make him a strong CFO and an important addition to the Canadian Solar team.  I would like to thank Arthur Chien for his contributions to Canadian Solar's success to date.  We are pleased that Arthur will remain with the Company to ensure a smooth transition and we wish him continued success in the future.  Canadian Solar continues to build a strong management team capable of supporting our capacity expansion, the robust demand we anticipate for our products and our ongoing development as a global solar industry leader."

Chen started his professional career at Pricewaterhouse Cooper in 1996 and has served in several executive positions since. He was director of finance and CFO for YRC Worldwide China International Transportation from 2006 until 2007 and senior corporate auditor for Honeywell International from 2000 through 2006. He is a certified public accountant with a BA degree from Xiamen University, China and a holds a master’s degree in accountancy and an MBA in finance from the University of Alabama at Tuscaloosa.