UTStarcom appoints Hao Zheng to its Board of Directors and announces CEO Hua Li as upcoming Board member.

– CHINA, Beijing –  UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the appointment of Hao Zheng to its Board of Directors, replacing Ms. Wendong Zhang who resigned from the Board, effective November 16, 2021.

The company also announced the appointment of the current CEO, Hua Li to the Board, effective January 1, 2022, to succeed Dr. Zhaocheng Huang who will vacate by that time.

“I am excited to be appointed as a member of the Board. I look forward to capitalizing on our growth opportunities in front of us and driving shareholder value,” said Mr. Li.

“I would like to thank Ms. Zhang and Dr. Huang for their contributions to the Board and the Company,” said Board Chairman, Mr. Ning Shan. “I believe the new members of the Board will help the Company to make progress on new business opportunities.”

Hao Zheng will also join the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, effective November 17, 2021.

About Hao Zheng

Mr. Zheng is the designee of Beijing E-town International Investment Development Co., Ltd., according to the stockholders’ rights agreement entered into by and between the Company and BEIID on February 1, 2010.

Mr. Zheng received a professional degree of Master of Engineering in Project Management from Beijing Institute of Technology. Since November 2020, he has been the head of the asset management department of BEIID, in addition to his role as the head of BEIID’s general office since April 2019. Before that, he took various positions at the management committee of the Beijing Economic-Technological Development Area.

“I am excited to join UTStarcom’s board to serve as a director and members of several committees, and I very much appreciate the opportunity,” commented Hao Zheng. “I look forward to working with other members of the board and senior management team to execute on our business strategies and further explore business opportunities.”

About UTStarcom Holdings Corp.

UTStarcom is committed to helping network operators offer their customers the most innovative, reliable, and cost-effective communication services. UTStarcom offers high-performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation, and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan, India, and China. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI).

For more information: https://www.utstar.com/

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Talent4Boards Team