Major executive changes at Hanwha SolarOne as CEO and CFO step down

Facebook
Twitter
LinkedIn
Reddit
Email

A major reshuffling of executive positions has been made at Hanwha SolarOne, which said the move was designed to strengthen the management team as it continued to build-out the company to become a major player within the solar industry. Stepping aside is Dr. Peter Xie, CEO and Gareth Kung, CFO, both former Solarfun executives, who are being replaced by Hanwha Group executives, Ki-Joon Hong and Jung Pyo Seo, respectively. Hong is currently the chairman of the Board of SolarOne and CEO of Hanwha Chemical Corporation, which acquired a majority stake in the former Solarfun.

Hanwha SolarOne also announced that Justin Koo Yung Lee has been appointed as its chief commercial officer. Lee joins SolarOne from Hanwha International in New Jersey.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company also reiterated that Chris Eberspacher, who joined the company in March 2011 from Applied Materials, is now Hanwha SolarOne’s chief technology officer. The appointments will become effective on July 1, 2011.

“Mr. Hong has played a vital role in the integration of SolarOne into the Hanwha family and in the growth and rebranding of SolarOne over the past year,” commented Thomas Toy, an independent director of SolarOne. “He is a proven operating executive at one of Korea's largest chemical enterprises and his contributions and strategic direction to us as Chairman have been significant. Mr. Seo, Mr. Eberspacher and Mr. Lee bring a vast amount of experience that will be invaluable as SolarOne moves into the next phase of its development. At the same time, we would like to thank Dr. Xie and Mr. Kung for the leadership they have provided.  In their time with SolarOne, they played important roles in building the Company's production capacity and shipment volumes, and implementing management and financial systems that leave the Company in a particularly strong position for our new management team.  We thank them both and wish them all the best in their future endeavours.”

Read Next

Premium
October 10, 2025
Gaëtan Masson of IEA PVPS warns of overcapacity, collapsing prices and slipping module quality in the new Trends in PV Applications report.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK