Tri-Tech Holding Announces Management Changes Within Subsidiaries
BEIJING, June 11, 2013 /PRNewswire/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that the Company had made the following management changes within its subsidiaries:
- Appointment of Mr. Satish Kumar Chopra as the CEO of the Indian operation;
- Appointment of Mr. Weidong Bi as the President of Tranhold Environmental (Beijing) Tech Co., Ltd. (the "Tranhold");
- Appointment of Mr. Rongguo Shi as Senior Vice President of Indian operations, entrusted with managing Human Resources, Accounting, as well as Procurement in India. Mr. Shi, formerly Tranhold's president, will assist Mr. Chopra;
In addition to the changes to the management of subsidiary companies, the senior management consolidated project-related unit of Tri-Tech (Beijing) Co., Ltd. with that of Tranhold and reduced headcount to 29 to run the consolidated operations.
"Based upon their previous capacities and contributions to the Company, the management is confident that Mr. Chopra, Mr. Bi and Mr. Shi will serve the Company well with their new roles," CEO of the Company, Mr. Gavin Cheng said, "We have merged Tri-Tech (Beijing)'s and Tranhold's project-related units to control costs and improve management efficiencies. The integration also strengthens our water and wastewater segment business focus."
About Mr. Weidong Bi
Mr. Bi has more than 20 years' experience in the water and wastewater treatment fields. Prior to his appointment, Mr. Bi has served as the Vice President of Tri-Tech entrusted with managing project-related activities across the subsidiaries. Prior to Tri-Tech, he served as a project manager in the water treatment department of the Industry Solutions Group of Siemens Ltd., China and the Beijing Office of Chevalier (Envirotech) Ltd.
Mr. Bi earned his MS degree in environmental and chemical engineering from the Nanjing University of Science and Technology in 1995 and a BS degree in environmental monitoring from the East China Institute of Technology in 1988. He has held a Project Management Professional Certificate issued by the China Ministry of Labor and Social Security since 2003 and a Certificate of Senior Engineering from the Beijing municipal government since 2001.
About Mr. Satish Kumar Chopra
Prior to his appointment, Mr. Chopra served as a senior consultant to Tri-Tech India advising recruitment at senior level, project procurement as well as project implementation.
Over the last 40 years Mr. Chopra, 66, served as Vice President, Business Head, General Manager, Senior Manager as well as Project Chief in companies such as Soma Enterprise Ltd., Jindal Water Infrastructure Ltd., Nuchem Limited, Doshi Ion Exchange & Chemical Industries Limited, Jord Engineers India Limited, Driplex Water Engineering Limited, Otoklin Plants & Equipments Limited and Triveni Engineering Limited. Mr. Chopra participated and managed numbers of EPC and BOOT projects dealing with water, wastewater and solid waste treatment.
About Mr. Rongguo Shi
Mr. Shi has 12 years of experience in general manager or human resources positions for large domestic and international communications, IT and environmental enterprises. He is familiar with managing multi-function integrated operations and management. He is a specialist in developing business management models and strategies and has a deep understanding of corporate culture, human resources management and enterprise-wide management.
Prior to his appointment, Mr. Shi was the President of Tranhold and previously served as the General Manager of the Department of Operation Management entrusted with managing Human Resources & General Administration. Most recently, Mr. Shi served as Vice Chief secretary of the Beijing Information & Telecommunication Committee, as well as director and general manager of Beijing Opportunities & Resources Technology Co. Ltd. He previously served the Golden State Environment Group Company as human resources director for the group and General Manager of Beijing Rohrueck Garbage Bins Co. Ltd., responsible for human resources management and Rohrueck's overall operation and management. He has worked as HR director and VP of Telecommunication Services of Changfeng Communication (Group) Co. Ltd., a Chinese A share listed company. He also served as an outside director of the company. Prior to that, he served as general manager of Stellar Maga-Media Cinema Development Co. Ltd., the domestic subsidiary of SMI Corporation listed on the Hong Kong Stock Exchange. Mr. Shi also has worked at the Beijing Great Dragon Information Technology International Co. Ltd., serving as assistant general manager and a member of the payroll committee of the board, responsible for recruitment, assessment, payroll, benefits, training and labor relations and improvement of various human resources programs. He also worked at Rizhao Railway Middle School of Jinan Railway Bureau and served as secretary of the League Committee and head of the Foreign Language Teaching and Research Group.
Mr. Shi earned his BA in English Language and Literature from Suzhou Railway Teachers College. He has a master's degree in law from Beijing Normal University. He also attended the young cadres training in business administration organized by China Potevio Co., Ltd. and Beijing Institute of Economics Management and has received human resources training at the Beijing Municipal Personnel Bureau.
About Tri-Tech Holding Inc.
Tri-Tech is an innovative provider of consulting, engineering, procurement, construction and technical services. The Company supports government, state owned entities and commercial clients by providing efficiency oriented solutions focused on treatment of water and waste water, management of water resources and water-efficient irrigation, as well as industrial emission and safety controls. With software copyrights, product patents, and capable employees in China, the U.S. and India, Tri-Tech's capabilities span the cycle of innovation. Please visit www.tri-tech.cn for more information.
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This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to corporate restructuring efforts and other statements concerning plans, objectives, goals, strategies, future events such as project payments, results of marketing efforts or performance, future government initiatives, expected actions by third parties and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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