Wenbing Christopher Wang Continues on as President and Director
DALIAN, China, Sept. 2 /PRNewswire-Asia/ -- Fushi Copperweld, Inc., (the "Company") (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that Mrs. Beihong "Linda" Zhang will succeed Wenbing "Christopher" Wang, Director, President, and Chief Financial Officer, as Executive Vice President and Chief Financial Officer, effective immediately.
Mr. Wang, who served as the Company's Chief Financial Officer since December 2005, will continue to serve as the Company's President and a member of the board of directors. Mrs. Zhang will be responsible for all aspects of the Company's finance function including accounting, financial planning and analysis, tax, treasury, audit, and investor relations.
Mrs. Zhang has over 13 years of experience in portfolio investment, corporate finance, and accounting. Most recently, from 2003 to August 2009, Mrs. Zhang was the Chief Financial Officer for Marco Consulting Group for its investment consulting business in Chicago. Prior to that, she served as Strategic Consultant at M Moser Associates where she led and coordinated corporate structuring and M&A efforts in line with strategic plans. Fluent in both Mandarin and English, Mrs. Zhang holds an M.B.A. in Finance from the Smeal College of Business at The Pennsylvania State University and a Bachelor of Science degree in Engineering and Architecture from Tongji University, Shanghai. She is also a charter holder of Chartered Financial Analyst and Financial Risk Manager.
"Chris has played a key role in establishing transparency and integrity in our financial practices and we are extremely grateful to have had his leadership. We look forward to his continuing contributions and experience," said Fu Li, Chairman and CEO at Fushi Copperweld. "We are extremely delighted to have Linda join our team, and we look forward to having her leadership and financial experience with us as we advance our strategic plans and manage our growth. I am confident that she will continue to successfully lead our strong finance organization and that our business throughout the world will continue to grow profitably under Linda's leadership. Linda also possesses proven leadership experience in managing the complexities of integrating acquired businesses."
"I am extremely pleased to be joining the Company at this time during a period of solid, sustainable growth," said Mrs. Linda Zhang. "I look forward to leveraging my experience to maintain transparent communication with the investment community. I am confident the Company will strive for excellence with continued diligence and determination."
About Fushi Copperweld, Inc.
Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co, Ltd., and Copperweld Bimetallics, LLC, is the leading manufacturer and innovator of copper cladded bimetallic engineered conductor products used in the electrical, telecommunications, transportation, utilities and industrial industries. With extensive design and production capabilities and a long-standing dedication to customer service, Fushi Copperweld, Inc. is the preferred choice bimetallic products world-wide. For more information, visit: http://www.fushicopperweld.com .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov .
For further information, please contact:
Fushi Copperweld, Inc.
Nathan Anderson
Vice President of Investor Relations
Tel: +1-931-433-0482
Email: IR@fushicopperweld.com
