Suntech Announces Mr. (Victor) Haibo Xiong as President

Ten-year veteran of Suntech Mr. Xiong will oversee management of the company in new role

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Feb 17, 2015, 02:00 ET

WUXI, China, Feb. 17, 2015 /PRNewswire/ -- Wuxi Suntech Power Co., Ltd announced that it has appointed Mr. (Victor) Haibo Xiong as President of Suntech, where he will be fully responsible for the management of the company. Mr. Xiong took the position after serving in various roles in the company for the past 10 years. Mr. Xiong brings a strong background and diverse experience in the solar industry value chain, successively serving as top management of Suntech and its affiliated companies.

Mr. Xiong, President of Wuxi Suntech Power Co., Ltd.

"Mr. Xiong has shown strong leadership in his roles at Suntech and I think his management expertise will be a great asset as we look to grow our company," said Eric Luo, CEO of Shunfeng International Clean Energy Limited, who oversees Suntech's international operations. "When we acquired Suntech, we knew it had the best PV modules in the industry. With Mr. Xiong's leadership, we believe that the company will help drive our vision of becoming the largest integrated clean energy provider globally."

"It is a great honor to lead such a critical part of the Shunfeng group. Suntech ended 2014 with the strongest financial footing in the solar industry and passed the 8GW mark, shipping more than 30 million modules to date worldwide," said Mr. Xiong. "I'm excited to begin my new role as President of Suntech and to continue our success as we look to expand our operations by optimizing our manufacturing and automation processes."

Suntech was recently re-added to Bloomberg New Energy Finance's (BNEF) February 2015 Global PV Market Outlook's tier 1 solar company list based on its bankability. The tier 1 list consists of module manufacturers who have provided their own manufactured products to five different projects, which have been financed non-recourse by five different non-development banks, in the past two years.

About Wuxi Suntech Power Co., Ltd.

Wuxi Suntech Power Co., Ltd., a company incorporated in the PRC in January 2001, produces industry-leading solar products for residential, commercial, industrial, and utility applications. Suntech has delivered more than 30 million photovoltaic panels or 8 GWs of installed capacity to more than 1 thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide reliable access to nature's cleanest and most abundant energy source.

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SOURCE Wuxi Suntech Power Co., Ltd.