SHANGHAI, Nov. 13, 2017 /PRNewswire/ -- ReneSola Ltd
("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL),
a leading fully-integrated solar project developer and operator,
today announced that, due to personal reasons, Kevin Chen has decided to resign as President of
the U.S. region to pursue other interests, effective November 10, 2017. In the meantime, the Company
has appointed Doran Hole as Chief
Executive Officer of North America
and Group Vice President of Strategy, which will be effective
November 13, 2017.
Doran will report to the Company's Group Chief Executive Officer
and will be responsible for spearheading the project development
efforts and managing operations and finance in North
America. Additionally, in this expanded position, Doran will
lead the Company's capital market activities.
Doran joined ReneSola in December
2016 as CFO of ReneSola U.S. He brought over 20 years of
experience across the capital markets with a focus on renewable
energy. Prior to joining ReneSola, Doran worked at multiple
institutions such as Deutsche Bank, ING and Macquarie. Doran is a
CFA charter holder and Certified Public Accountant.
Xianshou Li, ReneSola's Chief Executive Officer, commented,
"Doran's deep knowledge of the solar industry, experience in
structuring complex financial transactions, and understanding of
the US regulatory and tax regimes have played a critical role in
the success leading our U.S. business unit. As the Company
transitions to a pure play project developer and operator in this
dynamic solar market, we look forward to seeing future growth and
expansion under Doran's leadership and we are confident in his
ability to effectively drive the Company to improved financial and
operational performance."
Mr. Li continued, "We greatly appreciate the contributions Kevin
has made during his tenure at ReneSola. We respect his
decision and wish him the very best in his future endeavors."
About ReneSola
Founded in 2005, and listed on the New York Stock Exchange in
2008, ReneSola (NYSE: SOL) is an international leading brand of
solar project developer and operator. Leveraging its global
presence and solid experience in the industry, ReneSola is well
positioned to develop green energy projects with attractive return
around the world. For more information, please
visit www.renesolapower.com.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Among other things, the
quotations from management in this press release and the Company's
operations and business outlook, contain forward-looking
statements. Such statements involve certain risks and uncertainties
that could cause actual results to differ materially from those in
the forward-looking statements. Further information regarding these
and other risks is included in the Company's filings with the U.S.
Securities and Exchange Commission, including its annual report on
Form 20-F. Except as required by law, the Company does not
undertake any obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
For investor and media inquiries, please contact:
In China:
ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
ir@renesolapower.com
The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
gary@blueshirtgroup.com
In the United
States:
The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
ralph@blueshirtgroup.com
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SOURCE ReneSola Ltd.