Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Cogo Group Names Andy Liu As CFO

Chinese Semiconductor maker, Cogo Group, Inc. (COGO: Quote) announced Monday the appointment of Andy Liu as chief financial officer and director of the board, effective September 23, 2012.

Liu replaces Frank Zheng, who resigned from the position but will continue with the company as an advisor.

Cogo's CEO and chairman, Jeffrey Kang, said, "On behalf of the Board of Directors, we are pleased to have Andy join our management team. We appreciate Frank's great contribution to the company as chief financial officer since 2008 and as a board member since January 2005."

Liu joined Cogo as an Associate of Group Accounting in 2004. During his tenure, Liu has been instrumental in shaping the company's accounting policies and procedures, as well as developing the accounting team. He was named vice president of Group Accounting in June 2012.

Shares of Cogo Group are currently trading at $2.16, up 26 cents or 13.72% on the Nasdaq.

Click here to receive FREE breaking news email alerts for Viewtran Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. US President Back Obama on Tuesday announced a new round of sanctions against Russia over Moscow's continued involvement in the ongoing conflict in Ukraine, hours after the European Union decided to expand its own sanctions imposed on Russia over the same issue. "Because we are closely coordinating our actions with Europe, the sanctions we are announcing today will have an even bigger bite. After showing a notable move to the upside in early trading on Tuesday, stocks showed a substantial downturn over the course of the session. Concerns about the impact of new sanctions against Russia weighed on the markets.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.