Shengkai Innovations, Inc. Appoints Linbin Zhang as Interim CFO Effective April 19, 2012
April 06, 2012 at 01:48 pm EDT
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As previously reported, David Ming He resigned as Chief Financial Officer Shengkai Innovations, Inc. on March 20, 2012. On April 6, 2012, the board of directors of the Company appointed Ms. Linbin Zhang, the Company's treasury manager to be the Company's interim CFO, effective April 19, 2012. Ms. Zhang, 29, has been serving as the Company's treasury manager since February 2010. From October 2009 to December 2009, she served as accountant in Worldwide Clinical Trials, Inc., in Los Angeles, California. From August 2007 to September 2009, she served as accountant in Turbo-Tek International, Inc., in Los Angeles, California. From June 2006 to June 2007, Ms. Zhang was an audit associate in Deloitte Touche Tohmatsu CPA Ltd.in Tianjin, China. Ms. Zhang holds designation of Certified General Accountants of Canada since 2007. Pursuant to the Employment Agreement between Ms. Zhang and the Company, dated April 6, 2012, Ms. Zhang will serve as the Company's interim CFO until a suitable candidate for CFO has been qualified and selected by the Company.
Shengkai Innovations, Inc. (SKII), through its subsidiaries and affiliates, is in the business of manufacturing and sale of industrial ceramic valves and components in the Peopleâs Republic of China (PRC). The Company is a holding company of Shen Kun International Limited (Shen Kun). Shen Kun holds 100% of the equity interests in Shengkai (Tianjin) Limited (SK WFOE), a wholly foreign owned enterprise organized under the laws of the PRC, which, in turn, through contractual relationships, controls the business of Tianjin Shengkai Industrial Technology Development Co., Ltd. (Tianjin Shengkai), a PRC company that designs, manufactures and sells ceramic valves. Shengkai (Tianjin) Trading Ltd. is primarily engaged in the international trading of non-valve products to serve the Companyâs international customers.