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China’s Longi Shuffles Leadership as Solar Losses Deepen

Bloomberg.com · last updated

The founder of one of China’s biggest solar manufacturers, Longi Green Energy Technology Co., will stand down from his role overseeing day-to-day operations, as deepening losses plague the company and its peers across the sector.

Li Zhenguo, who founded the firm about two decades ago, will no longer hold the roles of general manager, board member and legal representative, according to a Shanghai Stock Exchange filing late on Monday. Instead, he will lead the company’s research institute and serve as the chief technology officer of its technology management center.

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