LDK named Chairman Zhibin Liu to replace Tong. The company says Tong will act as a senior consultant to LDK to ensure a “smooth” management transition. Tong, a veteran of China’s solar sector, joined LDK in 2007,
In August last year, Tong took over from Xiaofeng Peng, the 39-year-old founder of LDK Solar, who “resigned” as the company's leader after it defaulted on a $300m bond, was delisted from the New York Stock Exchange and entered provisional liquidation.
It
