TRIT Director Resignations. For "personal reasons". No update on trading halt or anything else.
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BEIJING , Feb. 20, 2014 /PRNewswire/ – Tri-Tech Holding Inc.(TRIT) , which provides turn-key water resources management, water and waste water treatment, industrial safety and pollution control solutions, announced today Mr. John McAuliffe and Dr. Da-zhuang Guo have resigned from the Board of Directors and their positions on all committees on which they serve. Their departures were for personal reasons and not due to any disagreement with management. As both Mr. McAuliffe and Dr. Guo were independent directors, on February 19, 2014, the Nominating Committee recommended, and the Board voted to approve, the appointments of Dr. Haijun Yang and Mr. Chunyu Gao as independent directors to fill the seats vacated as a result of the resignations in order to remain in compliance with NASDAQ continued listing standards. Both Dr. Haijun Yang and Mr. Chunyu Gao will stand for election at the next shareholders' meeting as Class I directors.
Warren Zhao , Chairman of the Company commented, "We have valued Mr. John McAuliffe's and Dr. Da-zhuang Guo's contributions to the Company over the last several years and their wisdom as members of the Board. We respect their decisions to part ways, and we wish them well in their future endeavors."
Phil Fan , CEO of the Company further commented, "We embrace Dr. Haijun Yang and Mr. Chunyu Gao as the new additions to the Board. We believe their business acumen will benefit the Company and its shareholders."
AI
