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Sutor Technology Group Ltd. (SUTR) Sees Changes To Its Management Team

|Includes: Sutor Technology Group Limited (TOR)

Yesterday, leading China-based steel products manufacturer, Sutor Technology Group, announced that it has appointed Naijiang (Eric) Zhou as its Chief Financial Officer, effective December 14, 2012. This position follows his current role at Sutor as the Vice President of Finance, which he has held for the last three years.

Prior to Sutor, Mr. Zhou worked in various capacities for Rich Fields Investment, Roth Capital Partners, American Electric Power, The Wing Group, and U.S. Global Investors, including executive vice president, chief financial officer, research analyst, financial analyst, and principal financial planner. He has over 15 years of professional experience in the private equity, mutual fund investment, equity research, and Fortune 500 corporate financial planning industries.

Mr. Zhou holds a Ph.D. in energy and mineral resources and an MBA in finance degree from the University of Texas at Austin and a B.Sc. in Petroleum Engineering from China Petroleum University. He also holds the Chartered Financial Analyst (NASDAQ:CFA) designation.

In other company news, Yongfei Jiang resigned as Sutor's Chief Financial Officer, Treasurer, and Secretary, effective December 14, 2012. Mr. Jiang will continue to work for the company and will be responsible for planning and supervising its corporate development and strategies. His resignation is not the result of any disagreement with the company on any matter relating to its operations, policies, or practices.

On the same date, Mr. Zhuo (Jason) Wang, currently the Director of Investor Relations, was appointed as Treasurer and Secretary of Sutor Technology Group, effective December 14, 2012.

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