CFO jumping ship.
Via Briefing.com
If you enjoy the content at iBankCoin, please follow us on TwitterDuoyuan Global Water announces pending management transition (3.99 -1.50)
Co announced a pending executive management transition. Chief Financial Officer, Stephen C. Park, announced his intention to leave the Company to pursue another professional opportunity. In order to assist with the transition, Mr. Park intends to remain with Duoyuan until the completion of the third party review or June 30, 2011, whichever is earlier. The Company is in the process of engaging a professional international search firm to assist in appointing a successor. Mr. Wenhua Guo, the Co’s Chairman and Chief Executive Officer, stated, “Steve’s expertise and leadership during the IPO and subsequent public company reporting periods has been invaluable to us. We are actively initiating the new hire recruitment process, and some of the key qualities we seek include knowledge of the U.S. capital markets, a strong accounting background and experience in communicating with a diversified shareholder base”.
An excerpt..”Mr. Wenhua Guo, the Co’s Chairman and Chief Executive Officer, stated, “Steve’s expertise and leadership during the IPO and subsequent public company reporting periods has been invaluable to us.”.
HUH???…invaluable in what…driving down the stock price from ~$40.00 to ~$2(and change)???.
Why do these exec’s bother making such B.S. statements?. Do they really believe the public is so stupid to believe what they say?.
They’re Chinese