CHANGZHOU, China, Dec.17, 2015
/PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader
in photovoltaic ("PV") modules, solutions, and services, today
announced restructuring in its system business unit ("SBU"). The
change is designed to reflect the Company's strategy and ambitions
to become a first-tier global player in the downstream
business.
Trina Solar's SBU will be split
into two separate units: a China SBU and an international SBU. The
China SBU will focus on ground-mounted PV power plants in
China, including development and
sales, engineering procurement construction ("EPC"), and operation
& maintenance ("O&M"), and the international SBU will focus
on developing PV power plants in key international markets.
Following the resignation of Mr. Qi Lin, formerly Company vice
president and head of SBU, the Company has appointed Mr.
Jiqing Gao, Company vice
president, as the head of the China SBU, effectively immediately.
He will report directly to Mr. Jifan
Gao, Chairman and CEO of Trina
Solar.
Mr. Jiqing Gao has been the vice
president of Trina Solar's SBU since
October 2013. Previously, he was the
Company's vice president of the China and Asia
Pacific (excluding China),
Middle East and Africa SBU from
November 2012 to September 2013. Mr. Gao has extensive experience
across various departments of the Company, including manufacturing
quality management, operations, and research & development.
"I'd like to thank Mr. Qi Lin for his contribution to
Trina Solar and wish him continued
success in his future endeavors,"
said Mr. Jifan Gao, Chairman and CEO
of Trina Solar. "I am excited about
the new SBU structure that will allow us to give dedicated focus to
the two strategically important yet very different China and Overseas downstream businesses. Mr.
Jiqing Gao is a proven leader with
deep knowledge and exceptional business experience in the
downstream project development and management, and I am confident
our China SBU will achieve exciting growth under his leadership. I
believe that the new structure will lay a strong foundation for
sustainable growth for our downstream business."
Mr. Jiqing Gao added: "I am
extremely glad to be given this opportunity to lead Trina Solar's China SBU, and I look forward to
working with the new SBU team as we continue to capitalize on the
enormous downstream opportunities available in China and deliver on Trina Solar's growth opportunities."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in
photovoltaic modules, solutions and services. Founded in 1997 as a
PV system integrator, Trina Solar
today drives smart energy together with installers, distributors,
utilities and developers worldwide. The company's industry-leading
position is based on innovation excellence, superior product
quality, vertically integrated capabilities and environmental
stewardship. For more information, please visit
www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's ability to
raise additional capital to finance its activities; the
effectiveness, profitability and marketability of its products; the
future trading of the securities of the Company; the Company's
ability to operate as a public company; the period of time for
which the Company's current liquidity will enable the Company to
fund its operations; general economic and business conditions;
demand in various markets for solar products; the volatility of the
Company's operating results and financial condition; the Company's
ability to attract or retain qualified senior management personnel
and research and development staff; and other risks detailed in the
Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the Company and the
industry in which the Company operates. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these forward
looking statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and the Company cautions
investors that actual results may differ materially from the
anticipated results.
Trina Solar
Limited
|
Christensen
|
Teresa Tan, CFO
(Changzhou)
|
Linda
Bergkamp
|
Email:
teresa.tan@trinasolar.com
|
Phone: +1 480 614
3014 (US)
|
|
Email:
lbergkamp@ChristensenIR.com
|
Yvonne
Young
|
|
Investor Relations
Director
|
|
Email:
ir@trinasolar.com
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/trina-solar-announces-restructuring-of-downstream-business-management-300194411.html
SOURCE Trina Solar Limited