UTStarcom Appoints Tianruo Pu as CFO

UTStarcom, a provider of broadband equipment and solutions, has appointed Tianruo (Robert) Pu, chairman of the audit committee and an independent director of the board, as chief financial officer (CFO). Pu replaces Jin Jiang, who has resigned to pursue other opportunities.

In connection with the appointment, Pu has resigned from the audit committee, nominating and corporate governance committee and compensation committee. However, he will remain as a member of the board of directors.

Pu has been the chairman of the audit committee since March 2012 and has served as an independent director since November 2011. He brings nearly two decades of experience in corporate finance, accounting, and mergers and acquisitions (M&As), as well as technology sector experience.

From September 2008 to July 2012, Pu was the CFO of China Nuokang Bio-Pharmaceutical, where he successfully led the company’s initial public offering (IPO) process and was responsible for its financial management and corporate strategy. Previously, Pu was the CFO of Global Data Solutions, a Chinese information technology services outsourcing company, which he joined in June 2006. Earlier in his career he was a management consultant with Accenture, CSC Consulting Group, and Mitchell Madison Consulting Group and worked as an auditor at Bernstein Brown CPAs.

Pu received an MBA from Northwestern University’s Kellogg School of Management in 2000, a MSc degree in accounting from the University of Illinois in 1995, and a BA degree in English from China Foreign Affairs College in 1992.

Jiang’s resignation is not the result of any issue or concern with the Company’s accounting, financial reporting or internal control over financial reporting. She joined UTStarcom in October 2009 and has served as CFO since 1 September 2011.

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