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Suntech CEO steps down, CFO to take top job

Thu, 08/16/2012 - 10:25am
Reuters

(Reuters) - Suntech Power Holdings Co Ltd replaced its chief executive officer on Wednesday as China's largest solar maker struggled to shore up finances amid a growing cash shortfall.

Suntech said founder and CEO Zhengrong Shi had been replaced by David King, the company's chief financial officer. Shi's chairman title will also be changed to executive chairman and he will take the position of chief strategy officer.

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