Suntech (STP -7.4%) dives after announcing sales chief Andrew Beebe has resigned for "personal...

|About: Suntech Power Holdings Co.,... (STP)|By:, SA News Editor

Suntech (STP -7.4%) dives after announcing sales chief Andrew Beebe has resigned for "personal reasons," and that the company doesn't intend to hire a replacement (regional heads will now report directly to CEO David King). Beebe's departure comes 3 weeks after chairman Zhengrong Shi resigned as CEO in response to revelations the solar module firm may have been defrauded of $662M.