Hoku just announced that effective March 31, Dustin Shindo will step down as Hoku chairman, president and CEO, although he will continue to serve the company in advisory position as a consultant. Shindo advised that he was stepping down for “personal reasons.”
Mr. Wei Xia, a member of Hoku’s board of directors and vice general manager of Baoding Tianwei Group, will be taking over the role of chairman of the board. Scott Paul, Hoku’s chief operating officer, will take over as president and CEO.
In a press release, Mr. Wei Xia, the new chairman of the board as of April 01, commented on the news:
“The board of directors was hopeful that Mr. Shindo would continue as CEO for a longer period of time. However, we understand Mr. Shindo’s reasons for stepping down, and we are extremely confident in Mr. Paul’s ability to lead Hoku as the company completes construction and begins operating its polysilicon plant this year.”