Suntech Power (STP) founder and former CEO Zhengrong Shi says he will fight a decision by the...

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

Suntech Power (STP) founder and former CEO Zhengrong Shi says he will fight a decision by the company's board to replace him as chairman. STP on Monday named Susan Wang as successor to Shi and said he would remain chief strategy officer and a director. The controversy comes ahead of a March 15 deadline to make a $541M bond payment. STP -2.4% premarket.