Xingxue Tong has resigned as president and chief executive officer of LDK Solar has resigned with immediate effect due to personal reasons.
The company’s chairman, Zhibin Liu, will assume as Xingxue’s responsibilities. In the meantime, the company will retain MrTong, who has agreed to be so retained, as a senior consultant to LDK Solar, to ensure a smooth transition, LDK solar said in a statement.
“We are grateful to Mr. Tong for his dedicated services as a leader of our senior management team over the past nine years,” said Zhibin. “We thank him for his wisdom and wish to acknowledge him for his efforts and contributions during his tenure at the company.
“While we are pleased to continue our relationship with Mr. Tong in his advisory capacity, LDK Solar is determined to work hard in the current and forthcoming economic environment, to meet its challenges ahead in its continued restructuring, and to build itself up into a reputable player in the photovoltaic industry.”