LDK Solar Appoints Zhibin Liu As New Chairman, Xingxue Tong Resigns As Director

(RTTNews) - Chinese solar wafer maker LDK Solar Co., Ltd. (LDKYQ) announced that its board of directors has elected Zhibin Liu as its new Chairman, and appointed Yunsong Ao and Yan Xiong, both currently executive vice presidents, as additional directors to its board, effective immediately.

Meanwhile, President and CEO Xingxue Tong, who was also serving as interim chairman, resigned as a director, but will remain as the president and CEO of the Company. With these changes, the number of the LDK Solar board of directors is eight.

The company said Liu brings in with his proven track record management skills and expertise with various companies in China, and will provide new leadership to LDK Solar in its transformation for success in the years to come.