UTStarcom Names Min Xu CFO - Quick Facts

(RTTNews) - UTStarcom (UTSI), a global telecommunications infrastructure provider, announced that it has appointed Min Xu as Chief Financial Officer of the Company, effective August 21, 2014.

Xu will replace Robert Pu who has resigned for personal reasons but will remain with the Company for six months as a consultant to help ensure a smooth transition.

Xu has fifteen years of professional experience, with a focus on finance, equity research, marketing, and engineering.

Most recently, Xu was a senior equity research analyst at Roth Capital. Prior to that, he was an equity research analyst with various firms, including Wedbush Securities, Jefferies & Co., Piper Jaffray & Co., and Stanford Group Company. Earlier in his career, Xu served for seven years as a technical marketing engineer as well as a senior software engineer with Cisco Systems, Inc. in Research Triangle Park, North Carolina.

The company also announced an additional important promotion within the finance team. Bill Lou, who joined the Company in April 2002 and presently serves as financial controller of the company, has been promoted to Vice President of Finance. Given his 12 year tenure with the Company's finance team, Lou, has in-depth experience in the financial management and internal controls of UTStarcom. He will fill a key senior management role on the finance team and will work very closely with Xu to help propel this important business function forward to new levels of sophistication.