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Lizhan Environmental Corp. (LZEN) Appoints New Leadership Positions

|Includes: Lizhan Environmental Corporation (LZEN)

Lizhan Environmental, a China-based supplier of synthetic leather and other fabrics manufactured from recycled leather waste, Friday announced it has appointed Shan Cui as company CFO, effective immediately in replace of Angell Chang, who is resigning for health reasons.

Cui has 15 years of international and domestic experience concentrated in investment banking advisory, financial planning and analysis, reporting and system implementation. She most recently served as a managing director of Capital First International, which is an investment banking advisory firm specializing in serving middle market companies in U.S. and China.

Cui said she was drawn to Lizhan’s stature and position as a leading eco-friendly fabric manufacturer and detailed her role as the company’s new CFO.

“In addition to my responsibilities with respect to the company’s internal audit and internal controls, my focus will be on financial planning, analysis of public markets and communicating with investors that will support Lizhan and its ongoing development in the eco-friendly leather industry in the PRC. I look forward to working with the chairman and the management team to continue to build on the tradition of entrepreneurship and innovation that has made the company a recognized name in eco-friendly fabric industry.”

The company also announced the appointment of Xiaoming Liu to the board of directors and Jiaying Cheng as the Lizhan Textile (Zhejiang) Co. Ltd.’s new general manger.

Liu, brother to Lizhan chairman and CEO Jianfeng Liu, is reportedly a well-known and highly respected employee at Lizhan and has worked for the company since 2005. Liu is the manager of the company’s purchasing department, responsible for the purchasing management process, supplier management process and the supervision of the purchasing department.

Cheng is a Korean trained textile expert with 13 years of textile manufacturing experience in launching new technology especially in dyeing fabric. Cheng previously served as a general manager of Haining Wansheng Dyeing Ltd. prior to joining Lizhan, in charge of the operation and new plant construction.

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