GUELPH, ON, Sept. 2, 2020 /PRNewswire/ -- Canadian Solar Inc.
(the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today
announced that it has appointed Yan
Zhuang and Dr. Huifeng Chang
to the Board of Directors, effective September 15, 2020.
Mr. Zhuang has been serving as President and Chief Operating
Officer of Canadian Solar since May
2020. He initially joined the Company as an independent
director in 2007 and later joined the management team in 2009 as VP
of Global Sales and Marketing. Since 2009, Mr. Zhuang has been
instrumental in Canadian Solar's global expansion, serving as
Senior VP of Global Sales and Marketing, Chief Commercial Officer
and Acting Chief Executive Officer at the Company. Prior to joining
Canadian Solar, Mr. Zhuang brought over 20 years' experience,
running his own business startups as well as serving in a number of
leading roles in business development and strategy, corporate
branding, and sales and marketing in multinational companies,
including as Asia Pacific regional
director of marketing planning at Motorola Inc. and regional head
of Asia at Hands-on Mobile Inc., a
global media and entertainment company. Mr. Zhuang holds two Master
of Science degrees in Applied Statistics from the University of Alberta and in Marketing Management
from the University of Guelph.
Dr. Chang has been serving as Senior VP and Chief Financial
Officer of Canadian Solar since May
2016. Before joining Canadian Solar, Dr. Chang brought over
17 years' experience in capital markets, corporate finance,
investment and risk management, including as Co-Head of Sales and
Trading of the U.S. subsidiary of China International Capital
Corporation (CICC), CEO of CSOP Asset Management Limited based in
Hong Kong, VP of Citigroup Equity
Proprietary Investments in New
York, and quantitative developer for derivatives pricing and
risk modeling software at Kamakura Corporation based in
Hawaii. Dr. Chang holds a PhD in
Soil Physics, an MBA from the University of
Hawaii and a Master of Science degree from Academia
Sinica.
Dr. Shawn Qu, Chairman and Chief
Executive Officer commented, "I am delighted to welcome Yan and
Huifeng to Canadian Solar's board. They bring outstanding track
records of value creation in this industry and a deep understanding
of Asian markets, crucial to Canadian Solar particularly at this
stage of our development as we prepare for the China listing of our MSS business. With Yan
and Huifeng's invaluable strategic, operational and financial
expertise, I am confident that their appointments will help the
Company gear up to new growth opportunities and create sustainable
value for shareholders."
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar
power companies. It is a leading manufacturer of solar photovoltaic
modules and provider of solar energy solutions and has a
geographically diversified pipeline of utility-scale solar power
projects in various stages of development. Over the past 19 years,
Canadian Solar has successfully delivered over 46 GW of
premium-quality, solar photovoltaic modules to customers in over
150 countries. Canadian Solar is one of the most bankable companies
in the solar industry, having been publicly listed on NASDAQ since
2006. For additional information about the Company, follow Canadian
Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking
statements that involve a number of risks and uncertainties that
could cause actual results to differ materially. These statements
are made under the "Safe Harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify forward-looking statements by such terms as "believes,"
"expects," "anticipates," "intends," "estimates," the negative of
these terms, or other comparable terminology. Factors that could
cause actual results to differ include general business and
economic conditions and the state of the solar industry;
governmental support for the deployment of solar power; future
available supplies of high-purity silicon; demand for end-use
products by consumers and inventory levels of such products in the
supply chain; changes in demand from significant customers; changes
in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns;
changes in product mix; capacity utilization; level of competition;
pricing pressure and declines in average selling prices; delays in
new product introduction; delays in utility-scale project approval
process; delays in utility-scale project construction; delays in
the completion of project sales; continued success in technological
innovations and delivery of products with the features customers
demand; shortage in supply of materials or capacity requirements;
availability of financing; exchange rate fluctuations; litigation
and other risks as described in the Company's SEC filings,
including its annual report on Form 20-F filed on April 28,
2020. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, level of activity,
performance, or achievements. Investors should not place undue
reliance on these forward-looking statements. All information
provided in this press release is as of today's date, unless
otherwise stated, and Canadian Solar undertakes no duty to update
such information, except as required under applicable law.
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SOURCE Canadian Solar Inc.