UTStarcom Names Hua Li As CEO, Ning Shan As Chairman

UTStarcom Names Hua Li As CEO, Ning Shan As Chairman
  • UTStarcom Holdings Corp UTSI has named Hua Li as the CEO effective June 16.
  • Li succeeds Dr. Zhaochen Huang, who will depart as the CEO on June 15. Huang will continue as a board member.
  • LI previously served as the GM of Hangzhou Yi Yi Tai Di Information Technology Co., Ltd.
  • TDI nominee Ning Shan was appointed as the Chairman of the board and a non-independent director effective May 19.
  • Shan succeeded Yongqing Yan, who resigned as the Chairman and director. Yan will serve as a consultant till August 31 to support a smooth transition.
  • Price action: UTSI shares closed lower by 3.79% at $1.27 on Friday.

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