Courtesy of Benzinga.
Altair Nanotechnologies Inc. (NASDAQ: ALTI) today announced Alexander Lee had been appointed interim Chief Executive Officer, and that Liming (Albert) Zou had been appointed President at a special Board of Directors meeting on April 1, 2012, replacing Frank Gibbard.
The appointments reflect the need for Altairnano to position the company for global growth both from its U.S.-based operations and in China. Mr. Lee will focus mainly on Altair’s U.S. operations, while Mr. Zou will lead the expansion of Altairnano’s business in China.
“We recognize the importance of growing the U.S.-based business and to maintain our focus on Altair’s core LTO technologies along with the expertise we have developed in systems engineering and manufacturing for the electric grid, transportation, and industrial markets,” said Yincang Wei, Altair Board Chairman. “At the same time, we see significant growth opportunities in China, and believe that this management structure will allow the company to pursue the full range of opportunities.”
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