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Cogo Group Names Andy Liu As CFO

9/24/2012 3:13 PM ET

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.

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by RTT Staff Writer

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