ReneSola CFO resigns

Daniel Lee, who joined the Chinese solar PV manufacturing company in May 2014 has announced his departure from ReneSola. Although the reason for his decision was not communicated, ReneSola said it was not related to its operations or accounting and financial practices.

Following Lee’s notice period, Maggie Ma, VP of Financial Control since October 2013, will take over his position in the interim. She joined ReneSola in February 2011.

"We greatly appreciate the contributions Daniel Lee made during his tenure at ReneSola. We respect his decision and wish him the very best in his future endeavors," said CEO, Xianshou Li.

ReneSola has seen its 2015 earnings take a tumble, although this is said to reflect its shift from upstream to downstream activities. Q1 saw net losses of US$18.5 million, while Q2 fared better with a net loss of just $2.3 million. In the second half of the year, the company plans to develop and build over 300 MW of PV projects, which are expected to be operational by 2016.