Suntech Announces Management Change, Appoints New CEO

Suntech Power Holdings Co., Ltd. (NYSE: STP) (“Suntech” or the “Company”), one of the world’s largest solar companies, today announced a change in senior management, with Mr. David King stepping down as CEO and acting CFO and Mr. Zhou Weiping assuming the roles of interim CEO and interim CFO with immediate effect. The board of the Company will first commence a search for a new CFO.

Mr. Zhou will retain his roles as President and Director of the Company. Mr. Zhou Weiping, Suntech’s CEO, said “We would like to thank David for his service and I’m confident that I will be able to lead the company and, along with all our stakeholders, implement the restructuring plan over the coming months.”

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