LDK Solar Names Xingxue Tong as New CEO
LDK Solar (NYSE: LDK) today announced that Xingxue Tong has been appointed Chief Executive Officer of LDK Solar, effective immediately. Xiaofeng Peng will continue to serve as Chairman of the Board of the Company. Mr. Tong currently serves as President, Chief Operating Officer and a director of LDK Solar.
"In light of the continued challenging environment for solar companies, I have determined that I can best serve the company by focusing my time on guiding LDK Solar's strategic direction and developing partner and other key relationships," stated Xiaofeng Peng, Chairman of LDK Solar. "I am confident that during his tenure at LDK Solar, Xingxue has developed in-depth operational expertise that will be valuable in the role of CEO and will ensure a smooth transition. We believe that by separating the roles of the Chairman and CEO, along with adding additional highly experienced members to the Board, we will enhance our corporate governance and better position the Company."
"I am pleased to assume the role of CEO and look forward to working with Chairman Peng and the team on navigating