Some reshuffling took place today with WEMU. Seems insignificant.
Press Release Source: Worldwide Energy & Manufacturing USA, Inc. On Monday February 22, 2010, 5:32 pm
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - 02/22/10) - Worldwide Energy and Manufacturing USA, Inc. (OTC.BB:WEMU - News) today announced the appointment of Gerald DeCiccio as Chief Financial Officer, effective February 18, 2010. Jeff Watson, who has resigned as Acting Chief Financial Officer of the company, will continue to serve as Worldwide's President. To focus on his new role, Mr. DeCiccio has resigned as a director of the Company.
Mr. DeCiccio served as a director of Worldwide from June 1, 2009 until his resignation on February 18, 2010. Since June 2007, Mr. DeCiccio has been the Vice President and Corporate Controller of Ritz Interactive, Inc. Prior to that he was the Chief Financial Officer and a board member of GTC Telecom Corp. and its subsidiary, Perfexa Solutions, Inc. (Mr. DeCiccio took GTC public in 1999) and Chief Financial Officer for National Telephone & Communications, Inc. In these roles, he managed the finance, accounting, SEC reporting, treasury, human resources, investor relations, and legal departments. Mr. DeCiccio also held senior financial roles at Newport Corporation and Parker Hannifin Corporation and was a Supervising Senior Accountant for Ernst and Young. He has also been a member of the Board of Directors and Audit Committee for Interplay Entertainment, Inc. and GT Data Corp.
Jimmy Wang, chairman and chief executive officer of Worldwide, commented: "We are very pleased to have Gerald serve as our chief financial officer as his service as a director has been exemplary. His knowledge of our company and his extensive experience in corporate finance and SEC reporting make him a logical choice as we continue to pursue our growth strategies and expand our manufacturing capacity. I'd also like to thank Jeff for his excellent work as Acting CFO and for his continuing work as our President. Both of their talents will be invaluable as we position as a leading solar manufacturer."
