Top Suntech Executive Departs


Citing personal reasons, Weiping Zhou has resigned from Suntech Power Holdings Co. Ltd., effective immediately. He had served as the company's director, president, interim CEO and interim chief financial officer (CFO).

Zhou had assumed the roles of interim CEO and interim CFO with the departure of David King in September 2013. Troubled Suntech has been in desperate financial straits. The company was delisted from the New York Stock Exchange last November and has been subjected to demands by bondholders for involuntary bankruptcy.

Suntech says it plans to announce new management, pending final review by Suntech's board of directors and joint provisional liquidators.

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