HE threading closer relationship with China`s business community
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Feb 20, 2009 01:42PM
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Attention Business Editors Hanwei appoints new chief operating officerTSX: HE VANCOUVER, Feb. 20 /CNW/ - Hanwei Energy Services Corp. ("Hanwei" or the "Company") today announced that Mr. Huiping Hu has been appointed as Hanwei's chief operating officer (COO) effective immediately. Mr. Hu brings over 20 years of experience in the Asian energy sector and a strong operations background to Hanwei. As COO, Mr. Hu will report to Fulai Lang, President and CEO of Hanwei, and will be responsible for managing day-to-day operations and supporting the implementation of Hanwei's growth strategy. "A key success factor for Hanwei has been our ability to recruit talented managers, sales executives and technical experts from China's energy sector for our FRP Pipe, Wind Power Equipment and FGD Systems business lines," stated Fulai Lang. "Hanwei has reached a critical size where we need to coordinate the growth strategy of our three operating divisions to achieve economies of scale and make sure that we are allocating resources to the best investment opportunities. Mr. Hu's extensive experience managing operations in China and international markets will aide us in maximizing the efficiency of our internal resources and systems and achieving continued profitable growth." Mr. Hu has experience managing international Sino-foreign joint venture operating companies as well as a keen understanding of engineering and operations, financial management and reporting, procurement and marketing, human resources, and contract control. Before joining Hanwei, Mr. Hu was the General Manager of an international 50/50 joint venture operated by China National Petroleum Company (CNPC) with some 700 employees. Prior to that, Mr. Hu worked with another CNPC consortium, the Greater Nile Petroleum Operating Company Ltd. in various engineering and managerial roles. Mr. Hu studied business administration at the University of Houston and earned a Bachelor of Science degree from the Jian Han Petroleum Institute in Hubei Province, China. About Hanwei Energy Services Corp. Hanwei Energy Services Corp. provides high value products and services for the energy sector in China and the Asia region. Hanwei serves its major energy customers through manufacturing facilities in China, producing products for the oil, coal power and wind power industries. Hanwei is focusing on providing products and services that address the growing need for improved energy efficiency and environmental protection in China and the Asia region. www.hanweienergy.com -30- /For further information: Kim Oishi, Senior Vice President, Finance and Business Development, Telephone: (416) 804-9228, koishi@hanweienergy.com; Kevin O'Connor, Investor Relations, Telephone: (416) 962-3300, ko@spinnakercmi.com/ |