星期三, 九月 30, 2020
Home PV Companies JA Solar chairman to take on CEO post

JA Solar chairman to take on CEO post

* JA Solar Chairman Jin to take on CEO post


* Former CEO Yang to remain as vice chairman


LOS ANGELES, Aug 4 (Reuters) – Shares of Chinese solar panel maker JA Solar Holdings Co Ltd (JASO.O) rose 1.8 percent on Tuesday, a day after the company unexpectedly said its chairman would take on the role of chief executive.


In a press release on Monday afternoon, JA Solar said Chairman Baofang Jin will become its new CEO. Former CEO Samuel Yang will become vice chairman, reporting to Jin.


Jin has been the company's chairman since May 2005. Yang had also served as CEO since that time.


Oppenheimer analyst Sam Dubinsky said he viewed the change as negative for JA Solar, saying the company's "management team seems to be in constant flux."


"(JA Solar) has experienced some of the most aggressive management turnover in the industry," Dubinsky wrote.


Recent management changes include the June retirement of Chief Operating Officer Elmer Hsu. At that time, the company also shifted several responsibilities, including naming former chief strategy officer Daniel Liu to head the company's U.S. operations.


JA Solar shares were up 9 cents, or 1.8 percent, at $5.11 in afternoon trade on the Nasdaq.

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