Daqo New Energy has appointed Xiaoyu Xu as the company’s new deputy CEO
She has worked as the Investor Relations director and the company’s director
Her appointment will sharpen the company’s corporate strategy, said CEO Xu
Leading global polysilicon supplier headquartered in China, Daqo New Energy has elevated the company’s existing Director Xiaoyu Xu to the group’s deputy chief executive officer (CEO). Xu is the daughter of the company’s Chairman and CEO Xiang Xu.
Starting in May 2023, Xiaoyu Xu served as the company’s Investor Relations director. Later in November 2023, she was appointed the director. She has assumed the role of the company’s deputy CEO since October 30, 2024.
An MBA with finance as her specialization from the Wharton School of the University of Pennsylvania, Xu’s work experience includes work with JPMorgan in its Corporate and Investment Bank Department.
Daqo Chairman and CEO Xiang Xu announced her appointment saying, “Ms. Xiaoyu Xu is a thoughtful, young leader who will bring global perspectives, optimism and deep commitment to our mission. We believe there are significant opportunities for us to explore in the renewable energy transition, both in China and globally. With her appointment, we will work to sharpen our corporate strategy and drive our next phase of growth while living our mission and values.”
Xiang Xu took over the company’s reins as the CEO in August 2023 from Longgen Zhang and as the Chairman from his father Guangfu Xu (see Senior Leadership Overhaul At Daqo New Energy).
Daqo is currently facing challenging times due to the overcapacity and price pressures in the global solar PV industry supply chain. For 2024, it has lowered its annual production guidance to between 200,000 MT to 210,000 MT (see Daqo Sustains Net Loss In Q3 2024 Amid Challenging Market Conditions).