China BAK Announces Appointment of New Independent Director
China BAK Battery (NASDAQ: CBAK), a leading global manufacturer of lithium-based battery cells, announced today that its board of directors has appointed Mr. J. Christopher Paugh as an independent director, a member of each of the Audit, Compensation and Nominating and Corporate Governance Committees and Chair of the Nominating and Corporate Governance Committee, effective September 5, 2012.
Mr. Paugh is an accomplished and versatile attorney with counseling and litigation experience in labor & employment, professional liability, premises & products liability, commercial, construction, personal injury, contract and insurance coverage matters. Mr. Paugh is currently practicing law in Houston, Texas.
"We are extremely pleased to welcome Mr. Paugh to our Board. Mr. Paugh brings professional US legal experience and we are confident he will help the Company sharpen its strategic direction, corporate governance and other critical aspects of its business in coming years." said Mr. Xiangqian Li, Chairman and Chief Executive Officer of China BAK.