BEIJING, April 4, 2011 /PRNewswire-Asia-FirstCall/ --
Duoyuan Global Water Inc. (NYSE: DGW) ("Duoyuan" or the "Company"),
a leading China-based domestic
water treatment equipment supplier, today announced a pending
executive management transition. The Company's Chief
Financial Officer, Stephen C. Park,
announced his intention to leave the Company to pursue another
professional opportunity. In order to assist with the
transition, Mr. Park intends to remain with Duoyuan until the
completion of the third party review or June
30, 2011, whichever is earlier. The Company is in the
process of engaging a professional international search firm to
assist in appointing a successor.
Mr. Wenhua Guo, the Company's
Chairman and Chief Executive Officer, stated, "Steve's expertise
and leadership during the IPO and subsequent public company
reporting periods has been invaluable to us. We are actively
initiating the new hire recruitment process, and some of the key
qualities we seek include knowledge of the U.S. capital markets, a
strong accounting background and experience in communicating with a
diversified shareholder base.
"On behalf of the Board of Directors and the management team, I
would like to thank Steve for his contributions to the Company and
wish him the best in his future endeavor," concluded Guo.
About Duoyuan Global Water Inc.
Duoyuan Global Water Inc. is a leading China-based domestic water treatment equipment
supplier. Duoyuan's product offerings address key steps in
the water treatment process, such as filtration, water softening,
water-sediment separation, aeration, disinfection and reverse
osmosis. Duoyuan offers a comprehensive set of complementary
products across three product categories: water conservation,
including circulating water treatment; water purification; and
water reuse treatment, including wastewater treatment. The Company
has an extensive local distribution network, which provides
proximity to end-user customers and responsiveness to local market
demand. Learn more at www.duoyuan-hq.com.
SOURCE Duoyuan Global Water Inc.