JinkoSolar has appointed Haiyun Cao as its new CEO, replacing Kangping Chen
Chen will remain on the company’s board as Director and has been elected Vice Chairman
The company said the leadership changes are aimed at strengthening its governance structure
JinkoSolar, the world’s largest solar PV supplier, has reshuffled its top leadership by appointing Haiyun Cao as the Chief Executive Officer (CEO). He steps into the shoes of Kangping Chen.
According to a company announcement, Chen will remain a Director on the company board and has been elected the Vice Chairman. He will continue to be involved in the group strategy and sustainability committee.
Haiyun was, until recently, the group Chief Financial Officer (CFO) of the company. He has also worked with PricewaterhouseCoopers in the past.
JinkoSolar management explained that the changes have been made to further improve the company’s governance structure and that Chen has no disagreements with the board of directors.
The change follows JinkoSolar’s principal operating subsidiary, Jinko Solar Co. Ltd. or Jiangxi Jinko, forecasting a net loss of RMB 5.9 billion to RMB 6.9 billion for FY2025. This compares to a net income of RMB 57.5 million for 2024, which was down 98.3% year-over-year (YoY) (see Top Chinese Module Makers Expect Losses To Continue In 2025).