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Sutor Technology Group Appoints New CFO

12/31/2012 - Sutor Technology Group Limited, a China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has appointed Naijiang (Eric) Zhou as its chief financial officer,

Sutor Technology Group Limited, a China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has appointed Naijiang (Eric) Zhou as its chief financial officer, effective 14 December 2012.
Over the last three years, Mr. Zhou has served as the vice president of finance of Sutor Technology Group. Before that, Mr. Zhou worked for Rich Fields Investment, Roth Capital Partners, American Electric Power, The Wing Group and U.S. Global Investors in various capacities including executive vice president and chief financial officer, research analyst, financial analyst and principal financial planner. He has more than 15 years of professional experience covering private equity and mutual fund investment, equity research and Fortune 500 corporate financial planning and analysis in the U.S. and in China. 
Mr. Zhou received a Ph.D. in Energy and Mineral Resources and an MBA in Finance degree from the University of Texas at Austin, and a B.Sc. in Petroleum Engineering from China Petroleum University. He holds the Chartered Financial Analyst (CFA) designation.
Yongfei Jiang resigned as the chief financial officer, treasurer and secretary of Sutor Technology Group, effective 14 December 2012. Mr. Jiang will continue to work for Sutor Technology Group and will be responsible for planning and supervising the corporate development and strategies. His resignation is not the result of any disagreement with the company on any matter relating to its operations, policies or practices. Mr. Zhuo (Jason) Wang, currently the director of investor relations, was appointed as treasurer and secretary of Sutor Technology Group, effective 14 December 2012.
Sutor, listed on the Nasdaq stock exchange (SUTR), is a China-based non-state-owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications. The Company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. These products are used for household appliances, solar water heaters, automobiles, information technology, construction, and other applications. Currently Sutor has three major operating subsidiaries located in two provinces with 12 production lines capable of processing approximately 2 million metric tons of steel products annually.