Orient Paper Announces Transition of CFO, Independent Director

Orient Paper Inc., Baoding, China, a producer and distributor of diversified paper products in North China, announced that Winston Yen has resigned as the company’s CFO for personal reasons, effective November 1. Yen will continue serving the company as a consultant to assist in the transition to a new CFO. Orient has appointed Jing Hao, CFO of the company's operating entity, Hebei Baoding Orient Paper Milling Co., as the company's new CFO.

 

Hao previously served Orient Paper as its CFO from November 2007 to April 2009. She has served as CFO of Hebei Baoding since 2006, and as manager of Finance from 2005 to 2006.

 

Orient Paper also announced that Drew Bernstein, one of the company's independent directors and the chair of its audit committee, has resigned from his positions for personal reasons, effective November 1. The board of directors has appointed Marco Ku as Bernstein's replacement as an independent director and audit committee chairman.

 

Ku is the founder of Sensible Investment Co., an investment consulting firm based in Hong Kong.  He was previously CFO of China Marine Food Group from July 2007 to October 2013.  Prior to his tenure at CMFO, Ku was with KPMG from 1996 to 2000, where his last held position was assistant manager.

 

Orient Paper produces and distributes three categories of paper products: packaging paper (corrugating medium paper-based), offset printing paper, and other paper products, including digital photo paper and household/tissue paper.