SEOUL, South Korea,
Sept. 14, 2018 /PRNewswire/
-- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the
"Company") (NASDAQ: HQCL), a global leading photovoltaic
manufacturer of high-performance, high-quality solar modules, today
announced the appointment of Hee Cheul
Kim as Chief Executive Officer (CEO) and Chairman of the
Board of Directors, effective starting October 1, 2018. Mr. Seong-woo Nam will step down
from the aforementioned positions due to personal reasons,
effective upon September 30,
2018.
Mr. Kim possesses a plethora of experience across the global
energy industry as well as the fields of chemicals and advanced
materials.
From 2015 to 2018, he served as the Chief Executive Officer of
Hanwha Total Petrochemical Corp. and Hanwha General Chemical Co.,
Ltd. Prior to that, Mr. Kim served as the President of the Company
(then, Hanwha SolarOne Co., Ltd., headquartered in China) (NASDAQ: HSOL) as well as the Chief
Executive Officer of Hanwha Q CELLS GmbH, leading Hanwha Group's
first steps into the photovoltaics industry during one of the
dynamic phases of the industry.
Mr. Kim also served as the Chief Strategy Officer of Hanwha
Group's Headquarters in 2011 and held positions as the Chief
Executive Officer of Hanwha Azdel, Inc., a subsidiary of Hanwha
Advanced Materials Corp. which manufactures high-performance
thermoplastic composites, applicable to major fields such as the
automotive and industrial industries. From 2006 to 2009, he served
as the Vice President of Hanwha Advanced Materials Corp.'s
Automotive Business Division as well as the Chief Executive Officer
of Hanwha Advanced Materials America, LLC (then, Hanwha Advanced
Materials Alabama, LLC). In 2005, Mr. Kim served as the Vice
President of Hanwha Chemical Corp. after spending 17 years working
up its ranks.
Mr. Kim received both a Master's and Bachelor's degree in
chemical engineering from Seoul National
University in South Korea
and a Master's in business administration from Washington University in Saint Louis' Olin Business School in
the United States. He is also an
alumnus of the Fudan School of Management in Shanghai, China and a member of the National
Academy of Engineering of Korea. In 2016, he served as an adjunct
professor at the College of Engineering in Seoul National University in South Korea.
"I am excited to join Hanwha Q CELLS, at which my goal is to
contribute my experience in global leadership, management,
strategy, as well as a strong foundation within the energy,
materials, and chemicals industries," said Hee Cheul Kim. "With such experience and
background, I will actively engage in driving the Company's
direction on lowering costs, improving product quality, and
navigating our way through the dynamic environment which currently
and will most likely continue to define the photovoltaic
industry."
About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world's
largest and most recognized photovoltaic manufacturers for its
high-performance, high-quality solar cells and modules. It is
headquartered in Seoul, South
Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with
its diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum
of photovoltaic products, applications and solutions, from modules
to kits to systems to large-scale solar power plants. Through its
growing global business network spanning Europe, North
America, Asia, South America, Africa and the Middle East, the Company provides excellent
services and long-term partnerships to its customers in the
utility, commercial, governmental and residential markets. Hanwha Q
CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500
firm and a Top 10 business enterprise in South Korea. For more information, visit:
http://www.hanwha-qcells.com.
Safe Harbor Statement
This report contains forward-looking statements that are not
statements of historical fact. These statements constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Such statements,
particularly statements about our guidance for performance in the
second quarter and the full year 2018, involve certain risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Such risks and
uncertainties include pending administrative and civil actions in
the United States under existing
or potential new statutes and regulations governing trade between
the United States and other
countries, and potential antidumping, countervailing or other
duties imposed on goods imported into the
United States, as well as the Company's access to new
capacity from an affiliate. Further information regarding these and
other risks is included in Hanwha Q CELLS' filings with the
Securities and Exchange Commission, including its annual report on
Form 20-F. Except as required by law, Hanwha Q CELLS does not
undertake any obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Hanwha Q CELLS Co., Ltd.