CHANGZHOU, China, Jan. 31 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, announced today the following management changes at the Company:
Mr. Terry Wang has joined the Company as Senior Vice President of Finance of Trina Solar. Mr. Wang has 20 years of extensive experience in international financial operations and management in technology and manufacturing industries. Prior to joining Trina Solar, Mr. Wang served as the Executive Vice President of Finance of Spreadtrum Communications, Inc., a fabless semiconductor company listed on NASDAQ. Prior to Spreadtrum Communications, Mr. Wang served as CFO of a silicon valley based technology company and controller at one of the world's largest NASDAQ-listed semiconductor assembly and testing companies. Mr. Wang, who is a Certified Management Accountant (CMA) and Certified in Financial Management (CFM), holds an MBA in Finance from the University of Wisconsin.
The Company also announced the appointment of Mr. Jason Chan as Vice President, Legal Affairs, who will report directly to Jifan Gao. Before joining Trina Solar, he served as Legal Counsel of The9 Limited, a
NASDAQ-listed company based in Shanghai. Mr. Chan attended City University of Hong Kong and has been qualified as a solicitor in Hong Kong since 1997.
At the same time, the Company announced that the Board of Directors of Trina Solar has accepted Mr. Sean Shao's resignation as Chief Financial Officer effective March 31, 2008 to pursue other interests. Mr. Terry Wang will be appointed Chief Financial Officer of Trina Solar immediately upon Mr. Shao's departure.
Mr. Jifan Gao, Chairman and Chief Executive Officer of Trina Solar, said, "We greatly appreciate the unique contributions Sean made during his tenure here. He established and improved Trina's financial management and internal control systems, and is credited in building a strong finance team exemplified by international best practice and culture. We respect his decision and wish him and his family the very best with his future endeavors."
"We are also pleased to have Terry joining our executive management team," said Mr. Gao. "His depth of financial, accounting and operational experience will be invaluable to Trina Solar and will further bolster our strong financial management track record. We are fortunate to have Terry in place working with our audit committee to ensure an orderly transition."
"It has been a great privilege to have worked with the outstanding management team at Trina Solar," stated Mr. Sean Shao. "The Company accomplished a great deal over the past several quarters and I have been grateful to be part of this talented team."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. Trina Solar successfully completed its initial public offering on the New York Stock Exchange in December 2006 and its ADSs are traded under the ticker symbol TSL. For further information, please visit Trina Solar's website at http://www.trinasolar.com .
For more information, please contact:
Mr. Sean Shao, CFO
Trina Solar Limited
Tel: +86-519-8548-6752 (Changzhou)
Email: ir@trinasolar.com
Mr. Thomas Young, Director of Investor Relations
Trina Solar Limited
Tel: +86-519-8548-6752 (Changzhou)
Email: ir@trinasolar.com
Mr. Crocker Coulson, President
CCG Elite Investor Relations
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ed Job, CFA
CCG Elite Investor Relations
Tel: +1-646-213-1914
Email: ed.job@ccgir.com
