Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated solar panel manufacturer, also known as "Yingli Solar," today announced that Mr. Zongwei Li has resigned from his position as executive director on the Company's board of directors.
Mr. Li joined the Company as Chief Financial Officer in 2006, and currently serves as the Company's Chief Strategy Officer. Mr. Yiyu Wang, the Company's current Chief Financial Officer, will replace Mr. Li as an executive director on the Company's board. These proposals have been unanimously approved by the board and are effective as of December 3, 2014.
"I'm pleased to welcome Mr. Wang on board. I believe that his operational and financial expertise will make him a valuable contributor to the board and our shareholders," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy. "I would also like to personally thank Mr. Li for his participation at the board level and for his valuable contributions."