King leaves Suntech CEO job

Beleaguered Chinese PV group Suntech has announced the departure of its CEO David King.

King was also acting chief financial officer of Suntech, which is currently trying to hammer out a debt restructuring agreement with its creditors.

King is replaced on an interim basis in both the CEO and CFO roles by company president Zhou Weiping. He said the company will now start looking for a new CFO.

King took the top job at Suntech in August 2012, when he replaced company founder Shi Zhengrong.

The departure of King – of which no further details were given – is yet another upheaval at Suntech, which has seen its main operating unit enter insolvency and Log in to read complete article.

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