The Board of Directors has appointed Ms. Jing Hao, the CFO of the Company's operating entity, Hebei Baoding Orient Paper Milling Company Limited, as the Company's CFO.
Ms. Jing Hao previously served Orient Paper, Inc. as its CFO from November 2007 to April 2009. Ms. Hao has also served as Chief Financial Officer of the Company's operating entity Hebei Baoding Orient Paper Milling Company Limited since 2006, and as Manager of Finance from 2005 to 2006.
Orient Paper also announced that Mr. Drew Bernstein, one of the Company's independent directors and the chair of its Audit Committee, has resigned from his positions with the Company for personal reasons, effective November 1, 2014. The Board of Directors has appointed Mr. Marco Ku as Mr. Bernstein's replacement as an independent director and Audit Committee Chairman.
Mr. Marco Ku is the founder of Sensible Investment Company Limited, an investment consulting firm based in Hong Kong.
Mr. Zhenyong Liu, Chairman and CEO of Orient Paper commented, "I want to thank both Winston and Drew for their significant contributions during their tenure at Orient Paper. I also look forward to continue working with Winston as he helps us in our transition to a new CFO. We wish them both the best in their future endeavors. Meanwhile, we are pleased to welcome Jing Hao back as CFO. We also welcome Mr. Marco Ku to the Board of Directors and Audit Committee."
Orient Paper, Inc. is a leading paper manufacturer in North China.