Darco appoints Zhang Zhenpeng as new CEO and executive director

DARCO Water Technologies has appointed Dr Zhang Zhenpeng as an executive director and chief executive officer (CEO) of the company, with effect from Nov 2, it said in a bourse filing on Tuesday (Nov 1).

The water and wastewater treatment solutions company previously appointed Kong Chee Keong as its executive director and CEO on Sep 1 last year. Kong replaced Poh Kok Hong, who was terminated from his roles as an executive director and CEO of the company on Aug 30 last year.

Before joining Darco, Zhang was the CEO of Tianjin Ruiyuan Business Management Partnership Enterprise in China till September this year. He previously worked in the Beijing Enterprises Clean Energy Group and the Beijing Enterprises Water Group in China, as well as in the latter’s international headquarters located in Singapore. He holds a PhD from the Nanyang Technological University.

He is also currently non-executive director in six firms in China: BE Qingdian New Energy Co; Lushang-BE Clean Energy Co; Xizang BE Clean Energy Technological Development Co; Laizhou BE Energy Investment Co; Laizhou BE New Energy Development Co; and Qingdao Fuhuan Asset Management Co.

Zhang will be responsible for the “general management, overall strategic planning, new business development and regional expansion” of the group, Darco said.

Shares of Darco last traded at S$0.12 on Sep 30.