BEIJING and NEW YORK, April 27, 2012 /PRNewswire-Asia-FirstCall/ -- China Biologic Products, Inc. (NASDAQ: CBPO, "China Biologic" or the "Company"), one of the leading plasma-based biopharmaceutical companies in the People's Republic of China, today announced the resignation of Chief Financial Officer, Mr. Y. Tristan Kuo, effective May 31, 2012. Mr. Kuo is pursuing a new career opportunity and will serve as an independent consultant to the Company for the next 12 months. The Company's Board of Directors (the "Board") appointed Mr. Ming Yang, the Company's Vice President – Finance & Compliance and Treasurer, as interim Chief Financial Officer, effective May 31, 2012.
Mr. Chao Ming (Colin) Zhao, China Biologic's President & Chief Executive Officer, said, "Tristan has been a valuable member of our management team and we wish him all the best in his future endeavors. I thank him for his dedication and substantial contributions in enhancing our financial management and internal control systems in the past five years, as well as building strong relationships with the investment community."
Mr. David Gao, China Biologic's Chairman of the Board, said, "Mr. Ming Yang has more than 10 years of financial reporting experience in various accounting firms. With Tristan serving as an independent consultant to the Company and Ming Yang serving as interim CFO, I am confident that we will have a smooth transition to a new CFO. I wish Tristan great success."
Mr. Ming Yang joined the Company in March 2012 and has been serving as the Company's Vice President – Finance & Compliance and Treasurer in charge of financial management, internal controls, legal and compliance matters, and the implementation of corporate governance rules and policies and related decisions of the Board.
Mr. Yang has six years of financial management experience in corporations and 11 years of audit experience in accounting firms. Mr. Yang has extensive ex
|SOURCE China Biologic Products, Inc.|
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