China-based polysilicon producer Daqo New Energy has quickly replaced leaving CEO, Dr. Gongda Yao with a former JinkoSolar CFO, Longgen Zhang.
Daqo said that Zhang had been appointed the new CEO with immediate effect, enabling its founder and chairman, Guangfu Xu to step down from the acting CEO role.
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Until 2014, Longgen Zhang was the CFO at ‘Silicon Module Super League’ (SMSL) leader JinkoSolar.
“Mr. Zhang's extraordinary experience and deep knowledge of the global solar industry and financial markets will greatly benefit Daqo as we continue to focus on lowering costs and improving the quality of our polysilicon. I look forward to working closely with Longgen to strengthen and expand our position as the supplier of choice for high quality polysilicon,” noted Xu.
Dr. Yao was previously reported to be stepping down from all executive positions at Daqo and would leave the company at the end of March, 2018.