Pursuant to the disposal of its manufacturing and services (M&S) business, Sunpower Group has announced the departure of select employees, including its CFO and Chief Investment Officer.
Sunpower is divesting its subsidiary Sunpower Technology (Jiangsu) Co to Nanjing Sunpower Holdings Co, a special purpose vehicle held by a consortium of China funds, the group’s two largest shareholders, Guo Hong Xin and Ma Ming, as well as certain employees of the M&S segment.
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CFO Ge Cui Ping, Chief Investment Officer Chen Kai, Senior Vice President Jiang Yanyun, along with five other general managers who have been primarily involved in the M&S business will be joining Nanjing Sunpower.
To that end, the group has announced the promotion of Wang Hui as CFO effective April 30.
Wang, 32, has served as a senior financial analysis manager for the group since 2016.
As at 9.23am, share in Sunpower are down 1 cent or 1.08% lower at 92 cents.
