Sunpower appoints co-founder Ma Ming as CEO

ENVIRONMENTAL solutions provider Sunpower Group 5GD : 5GD 0%has appointed its co-founder Ma Ming as chief executive officer.

The appointment was with effect from Aug 11, the group said in a bourse filing on Friday.

Mr Ma, who co-founded the China-focused steam, electricity and heat solutions provider in 1997, has served as its executive director since 2004, overseeing finance, investments, mergers and acquisitions, and investor relations.

He also led the work on Sunpower's initial public offering on the Singapore Exchange.

In 2008, Mr Ma, who holds a master's degree in engineering management, was tasked with overall management and operational development of the group.

Mr Ma also led the strategic planning and business model of the group's green investments business, which started in 2015.

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"Mr Ma has led the establishment of professional management systems and teams, and has managed the GI (green investments) business segment to its current healthy stage of development, where it is able to function autonomously within a complete system," said Sunpower's board, in a statement signed off by independent director Wang Dao Fu.

Sunpower shares ended Friday 2.34 per cent or 1.5 Singapore cents lower, at S$0.625.