Solar power company Canadian Solar announced that Dr. Huifeng Chan has been appointed as senior vice president and chief financial officer of the company — effective 22 May 2016.
Michael G. Potter, the current senior vice president and chief financial officer of Canadian Solar, has opted to leave the company to pursue other ventures but will remain in an advisory role in order to assist Chan’s transition to his new position.
Chang — who joined Canadian Solar in early 2016 as senior vice president of corporate strategy, business development and finance — has 17 years of experience in capital markets, corporate finance and investment and risk management.
Before his time at Canadian Solar, Chang was co-head of sales and trading at the US subsidiary of China International Capital Corporation (CICC). Prior to that, Chang was the CEO of CSOP Asset Management Limited based in Hong Kong.
Dr. Shawn Qu, chairman and chief executive officer at Canadian Solar, noted: “We are pleased to announce that Huifeng will take on the role of CFO at Canadian Solar. Huifeng brings with him many years of valuable experience in capital markets and risk management in a global context. Meanwhile, we are indebted to Michael for his years of service in which Canadian Solar has transformed itself from a solar module manufacturing and sales company to a vertically integrated global leader in the solar industry. Michael has made important contributions to the development of Canadian Solar in his nine years with us, both in his five years as CFO and before that as an independent director of the Company. I personally will miss his advice but I am happy that he will be available to consult with should we need it. We wish him well in his future endeavors.”
Chang added: “I would like to thank Shawn and the Board of Directors of the Company for the confidence that they have placed in me with this appointment. I would also like to thank Michael for agreeing to provide transitional advice and support. I look forward to working with the Board and the Canadian Solar Senior Management and Finance teams to create lasting value for our shareholders.”