RSS   Newsletter   Contact   Advertise with us

China Hydroelectric appoints interim CEO, chairman

Staff writer | New York, USA | October 17, 2012
China HydroelectricOctober 17, 2012, New York, USA - China Hydroelectric Corporation announced that it has appointed You-Su Lin as its interim chief executive officer and Amit Gupta as the chairman of the board, effective October 15, 2012.
Dr. Lin has been a director of the company since August 2008 and has been chairman of Beijing A.B.C. Investment since 2007. Dr. Lin is the chairman of the board of Beijing A.B.C. Investment. Dr. Lin has been the chairman of Greenstone Investment Ltd since 2004 and he has also been the chairman of China Board Mill Corporation since August 2008.

Dr. Lin serves as a member of the board of directors of China Silicon Corporation, Master Silicon Carbide Industries, Inc. and China Natural Energy. Dr. Lin was a chief consultant for Beijing Urban Construction Group Co., Ltd. in charge of the construction of 2008 Olympic venues from 2002 to 2004.

Dr. Lin received his Ph.D. in the Arts and master’s degree in the Arts from Australian National University and his bachelor’s degree in the Arts from Beijing Foreign Language University.

Mr. Gupta became a director of the company in September 2012. He has been a partner at NewQuest Capital Advisors (HK) Limited since April 2011 and heads India business for NewQuest and oversees investments in power and financial services sector. He is also the Chief Operating Officer of the NewQuest group.

Mr. Gupta has about 12 years of industry experience. He is currently member of the Board and Audit Committee of OM Logistics Limited and Ittiam Systems Private Limited. Prior to co-founding NewQuest, he was a Director at Bank of America Merrill Lynch’s (“BAML”) Asia Private Equity group where he led the India business and oversaw investments the energy and financial services sectors across Asia Pacific.

Mr. Gupta has also served in other roles in BAML, including the Corporate Principal Investments team in Hong Kong and the Investment Banking team in Mumbai. Prior to working at BAML, he worked as a software engineer based in Mumbai and the USA. Mr. Gupta has an MBA from Indian Institute of Management (IIM), Bangalore India (placed in Director’s Merit List) and an undergraduate degree in electrical engineering from REC Kurukshetra India (University Gold Medal).

In addition, the board of directors has appointed Mr. Gupta and Mr. Shadron Lee Stastney to the Company’s compensation committee, and Ms. Moonkyung Kim and Mr. Jui Kian Lim to join Dr. Yong Cao on the Company’s corporate governance and nominating committee.

Mr. Gupta will serve as the chairman of the compensation committee, and Ms. Kim will serve as the chairperson of the corporate governance and nominating committee.

The Company further announced that the board of directors has authorized and appointed Dr. Lin, Mr. Gupta, Mr. Lim and Ms. Liya Chen, chief financial officer of the Company, as lead members of a transition committee to address matters relating to the transition of the new board, cost reductions, and the ongoing search for a permanent chief executive officer, among other transitional matters.