Wenbing Christopher Wang Continues on as President and Director
DALIAN, China, Sep. 1, 2009 (PRNewswire-Asia-FirstCall) -- Fushi Copperweld, Inc., (the "Company") (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that Mrs. Beihong "Linda" Zhang will succeed Wenbing "Christopher" Wang, Director, President, and Chief Financial Officer, as Executive Vice President and Chief Financial Officer, effective immediately.
Mr. Wang, who served as the Company's Chief Financial Officer since December 2005, will continue to serve as the Company's President and a member of the board of directors. Mrs. Zhang will be responsible for all aspects of the Company's finance function including accounting, financial planning and analysis, tax, treasury, audit, and investor relations.
Mrs. Zhang has over 13 years of experience in portfolio investment, corporate finance, and accounting. Most recently, from 2003 to August 2009, Mrs. Zhang was the Chief Financial Officer for Marco Consulting Group for its investment consulting business in Chicago. Prior to that, she served as Strategic Consultant at M Moser Associates where she led and coordinated corporate structuring and M&A efforts in line with strategic plans. Fluent in both Mandarin and English, Mrs. Zhang holds an M.B.A. in Finance from the Smeal College of Business at The Pennsylvania State University and a Bachelor of Science degree in Engineering and Architecture from Tongji University, Shanghai. She is also a charter holder of Chartered Financial Analyst and Financial Risk Manager.
"Chris has played a key role in establishing transparency and integrity in our financial practices and we are extremely grateful to have had his leadership. We look forward to his continuing contributions and experience," said Fu Li, Chairman and CEO at Fushi Copperweld. "We are extremely delighted to have Linda join our team, and we look forward to having her leadership and financial experience with us as we advance our strategic plans and manage our growth. I am confident that she will continue to successfully lead our strong finance organization and that our business throughout the world will continue to grow profitably under Linda's leadership. Linda also possesses proven leadership experience in managing the complexities of integrating acquired businesses."
"I am extremely pleased to be joining the Company at this time during a period of solid, sustainable growth," said Mrs. Linda Zhang.