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
A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4. Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.
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.