Hollysys Automation Technologies, Ltd issued the following announcement on June 28.

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced the departure of Ms. Herriet Qu, who resigned from the position of Chief Financial Officer of the Company due to personal reasons, and the appointment of Mr. Steven Wang as the new Chief Financial Officer, both effective June 28, 2018.

Mr. Wang has over 15 years of experience in financial controlling, accounting and budgeting, tax planning, and corporate investment in various investment institutions and multinational corporations, with deep familiarity with rules and regulations of US and Chinese capital markets. Prior to joining Hollysys, Mr. Wang served as the Chief Financial Officer and Vice President of Xinhua Lian Investment Co., Ltd., a subsidiary of a top 500 company in China. From 2005 to 2012, Mr. Wang worked at various managerial positions at Globe Specialty Metals Inc. and Zhonglian Zhongke Co., Ltd., a Hong Kong Stock Exchange listed company. Mr. Wang received an MBA degree in Finance from the Wharton School, the University of Pennsylvania.

Ms. Herriet Qu, the departing CFO, commented, "It is truly my honor for being part of Hollysys' team. Together I have grown with the Company over the past ten years and I am glad to see that Hollysys' operational and financial management is now more solid to embrace the next phase of development. I will continuously cheer for every success achieved by Hollysys on the side-line."

Mr. Baiqing Shao, Chairman and CEO of Hollysys, commented, "Herriet has been a great addition to Hollysys team in her more than 10 years' service starting from a financial controller. Great changes have taken place in Hollysys under her leadership, and we have seen the Company's financial operation becoming increasingly well managed. We would like to extend to her our gratitude for her contributions and sincerely wish her best luck! I would also like to extend my warm welcome to Mr. Wang for joining Hollysys. Going forward, I will work closely with Mr. Wang and his team and Hollysys will continue to bring quality solution, product, and service to our customers."

Original source can be found here.