BEIJING, April 15 /PRNewswire-FirstCall/ -- American Dairy, Inc. (NYSE:ADY), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced the appointment of Jonathan H. Chou as Chief Financial Officer of American Dairy. Effective April 15, 2008, Mr. Chou will succeed Roger (Hua) Liu, who has assumed the role of Vice-Chairman of the Board.
Mr. Chou brings to American Dairy over 15 years of finance and accounting experience in the U.S. and Asia. Prior to joining American Dairy, he served as Asia Pacific Corporate Chief Financial Officer and Vice President of Mergers & Acquisitions of Honeywell International (NYSE:HON). In this role, Chou managed the company's M&A activities in China and managed a number of corporate strategic initiatives across the region. From 2003 to 2006, Chou served as the Asia Regional Chief Financial Officer of Tyco Fire & Security ("TFS"), a division of Tyco International, where he introduced initiatives to improve operating efficiency and improve corporate governance. He also implemented consistent financial and operating policies across entities in TFS to strengthen the internal control over financial reporting systems for purposes of Sarbanes-Oxley compliance. Prior to Tyco, Chou was the Asia Pacific Chief Financial Officer of Lucent Technologies in Hong Kong. During his tenure at Lucent, he led the company's regional operations to support the restructuring requirements during the softening of the telecommunication sector. Mr. Chou co-founded the Children's Heart Foundation, a Hong Kong registered charity and also held the position as first Chairman. Mr. Chou is fluent in English and Mandarin and holds an MBA degree from Duke University and received executive training at Harvard Business School.
Mr. Chou commented, "I am very excited to join American Dairy during this transformative point in the Company's history. As CFO, I intend to focus on enhancing the Company's accounting and finance infrastructure, as well as manage all corporate finance, and regulatory, reporting and compliance matters. I look forward to participating in the Company's growth and interacting with shareholders going forward." Mr. Leng You Bin, Chief Executive Officer of American Dairy said, "We are pleased to have Jonathan Chou join our leadership team. We believe Jonathan's knowledge in working with public companies, as well as first-hand corporate finance and accounting experience, make him a great fit for our Company." Mr. Leng continued, "We would also like to thank Roger Liu for his dedication over the years and we look forward to his continued contributions as the Vice-Chairman of the Board of Directors." About American Dairy, Inc.
American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary, Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of branded, premium infant formula, milk powder and soybean, rice and walnut products in China. Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang, http://www.americandairyinc.com/ or http://www.feihe.com/ Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Potential risks and uncertainties are set forth in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT
In the U.S.:
Integrated Corporate Relations, Inc. Ashley Ammon MacFarlane and Wei-Jung Yang
203-682-8200
DATASOURCE: American Dairy, Inc.
CONTACT: Ashley Ammon MacFarlane or Wei-Jung Yang, both of Integrated Corporate Relations, Inc., +1-203-682-8200, for American Dairy, Inc.
Web site: http://www.americandairyinc.com/ http://www.feihe.com/
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