Andatee China Marine Announces Executive Management Changes
Andatee China Marine Fuel Services Corp. (MM) (NASDAQ:AMCF)
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Today : Tuesday 7 January 2014
Andatee China Marine Fuel Services Corporation (Nasdaq:AMCF), a leading independent operator engaged in the production, storage, distribution, trading of blended marine fuel oil for cargo and fishing vessels in China, today announced the following changes to the Company's executive management team, which took effect as of December 27, 2013:
An Fengbin, the Company's Chief Executive Officer, determined to step down as the Company's CEO. Mr. An will continue his service as the Chairman of the Company's Board of Directors.
Wang Hao was promoted and appointed as the Company's CEO. Prior to this appointment, he served as the Company's Chief Financial Officer.
Quan Zhang was appointed as the Company's Interim CFO following Wang Hao's departure as the Company's CFO to lead the Company's as its new CEO. Prior to this appointment, Mr. Zhang served in the capacity of the Company's deputy CFO since January 2013.
"On behalf of the Board and management of the Company, I would like to thank Mr. An for his tireless efforts as the founder and CEO of the Company and all of his contributions during his tenure with Andatee, including, among many others, growing our customer base and revenue and increasing the stability of the platform," commented Mr. Wang Hao. "Mr. Wang has substantial experience and expertise in the areas of business management and operations. During his tenure as the Company's CFO he evidenced leadership, expertise and resourcefulness that were exemplary. I am very confident in his leadership and management abilities to achieve the Company's strategic objectives, under the guidance and with the assistance of our Board," commented Mr. An. "I will continue my duties as the Company's Chairman and intend to develop my time to formulate and articulate the Company's corporate development and strategic objectives to maximize the shareholder value going forward," he concluded.
