LUXEMBOURG and DONGYING, China, Nov. 1, 2011 /PRNewswire-Asia/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today announced the appointment of Mr. Ponsekar Periyanadar as Vice President Sales and Marketing, South Asia.
"Our continued expansion into emergent markets continues unabated," explained Mr. Zhang Shunfu, CNPV's CEO, and Mr Bypina Veerraju Chaudary, CNPV's COO. "The appointment of Mr. Ponsekar will provide additional structure, direction, service and strategy in our unremitting goal of delivering more against our customer's key objectives. We are particularly delighted to welcome Mr. Ponsekar into our organisation with his wealth of experience, such that it will greatly facilitate our ability to look inwards at our Company with a new set of eyes and ensure we do not become complacent."
With a first class degree in Mechanical Engineering, gained at Madurai Kamaraj University, India, and as a Certified Energy Auditor, from Bureau of Energy Efficiency, Ministry of Power, New Dehli, Mr. Ponsekar has significant academic qualifications and expertise that have been supplemented with extensive and relevant industry experience.
Over 21 years of professional experience in the power sector with more than 11 of these years in a leadership role within the solar photovoltaic industry has been obtained as a result of working with Tata BP Solar India Ltd, and Reliance Industries Ltd. Excellent techno-commercial knowledge on large grid connected solar power plants and specialized rooftop and Off-grid Solar power plants for wide range of applications covering Green Buildings, Banking, Railways, Telecom, Oil & gas, Defence, Highway infrastructure, and other governmental sector make Mr. Ponsekar ideally placed to guide, support and gain high customer satisfaction. The net effect is part of the CNPV strategy; Profitable growth to the client, and CNPV will attain similar gains.
Mr. Ponsekar will be located in Bangalore, southern part of India to best serve the South Asian market. Reporting directly to Mr. Bypina Veerraju Chaudary, Chief Operating Officer of CNPV, he will increase the effectiveness of the regional support and the efficiency of the Company as a whole.
About CNPV
Safe Harbor Statement
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement
are forward-looking statements, including but not limited to,
CNPV's ability to raise additional capital to finance its
activities; the effectiveness, profitability, and
marketability of its products; the future trading of the
securities of the Company; the ability of the Company to
operate as a public company; the period of time for which its
current liquidity will enable the Company to fund its
operations; the Company's ability to protect its
proprietary information; general economic and business
conditions; the volatility of the Company's operating
results and financial condition; the Company's ability to
attract or retain qualified senior management personnel and
research and development staff; and other risks detailed in
the Company's filings with the Euronext in Paris. These
forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the companies
and the industry. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent
occurring events or circumstances, or to changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward looking statements are reasonable, they cannot assure
you that their expectations will turn out to be correct, and
investors are cautioned that actual results may differ
materially from the anticipated results.
For more information, please contact:
CNPV Solar Power SA
Bypina Veerraju Chaudary, COO&CTO
Tel: +86-13656-473355,
Email:
Bill Milewski, VP-Investor Relations,
Tel: +86-546-7795555
E-mail:
ir@cnpv-power.com
Ponsekar Periyanadar, VP Sales & Marketing-South Asia
Tel: +91-9611 333011