Daqo New Energy Announces Leadership Changes; Chairman And Founder, Mr. Guangfu Xu, Will Step Down From His Position; Mr. Longgen Zhang To Step Down As CEO, Effective Immediately
Portfolio Pulse from Happy Mohamed
Daqo New Energy Corp. (NYSE:DQ) announced leadership changes with Chairman and Founder, Mr. Guangfu Xu, and CEO, Mr. Longgen Zhang, stepping down from their positions. Mr. Xiang Xu has been appointed as the new Chairman of the Board and CEO. The changes are effective immediately.
August 04, 2023 | 1:06 pm
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Daqo New Energy Corp. (NYSE:DQ) sees leadership changes with the stepping down of Chairman and Founder, Mr. Guangfu Xu, and CEO, Mr. Longgen Zhang. Mr. Xiang Xu is appointed as the new Chairman and CEO.
Leadership changes can cause uncertainty and volatility in the short term as investors assess the potential impact on the company's strategy and operations. However, given that the new Chairman and CEO, Mr. Xiang Xu, has been with the company since its IPO and served as Vice Chairman since June 2022, the transition may be seen as smooth and continuity in strategy is expected.
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