Hanwha SolarOne has appointed Seong-woo Nam as new chief executive officer (CEO) and chairman of the Board of Directors.
Seong-woo Nam joins Hanwha SolarOne  from Samsung Electronics, where he recently served as the executive vice president and general manager of Samsung’s IT Solutions Business, which includes its PC Business and Printer Business with 13,000 employees and revenues approaching $9 billion.
Prior to leading the IT Solutions Business at Samsung, Nam spent eight years directing the Business Innovation team across a broad range of business segments including Planning, Supply Chain Management (SCM), Logistics, and Information Strategy.
“I’m excited to join Hanwha SolarOne, where I will contribute my experience in strategic management, corporate governance and brand building to achieve fast and sustainable growth for the company,” said Nam. “I am committed to improving Hanwha SolarOne’s position in the photovoltaic industry and establishing the company as a respected leader in product quality, low-cost manufacturing, product innovation and strong financial performance.”
The Board of Directors also accepted the resignation of president and Board member Min-Su Kim and appointed Jay Seo, chief financial officer and head of China Business as a member of the Board of Directors.
Hanwha SolarOne will release its unaudited financial results for the first quarter 2014 on May 14, 2014. Seong-woo Nam, Jay Seo, and Paul Combs, vice president of Investor Relations will present the results.