In what has become a mass exodus of senior executives from bankrupt Suntech Power Holdings, the company has announced the resignation of its interim CEO, Weiping Zhou.
Initially brought into the company as president under the then CEO, David King in March 2013, Zhou had formerly been the chairman of Wuxi Guolian Futures and former finance department manager of state owned Wuxi Guolian Development Group, the municipal region in China where Suntech’s former manufacturing and administrative headquarters are based. These were subsequently acquired by Shunfeng Photovoltaics from Wuxi Suntech’s administrators. Wuxi Guolian Development Group had rivalled Shunfeng for the purchase of Wuxi Suntech.
Zhou was later made interim Chief Executive Officer, interim Chief Financial Officer, and President as well as being a director of the Suntech Power Holdings.
In a brief statement, the company said Zhou had resigned for “personal reasons”, without any further clarification.
The company noted that it planned to announce new management pending the final review by Suntech's board of directors and Joint Provisional Liquidators (JPLs).