Ballard appoints two board members from strategic partner Weichai Power
03 January 2019
Fuel cell systems company Ballard Power Systems has appointed Jiang Kui and Sun Shaojun from Weichai Power to its Board of Directors. These appointments, and expansion of Ballard’s Board of Directors from seven members to nine members, are consistent with the terms of Ballard’s strategic collaboration with Weichai Power Co., Ltd.
Kevin Jiang and Sherman Sun both have extensive senior management experience across multiple functional disciplines within the Weichai organization. Their distinguished careers have included management of engineering and manufacturing operations, together with executive roles in Heavy and Medium Duty Motive power segments in China and other markets. We are fortunate to have Kevin and Sherman at the Board table, where their insights and counsel will support continued advancement of Ballard’s growth strategy in China and around the globe.—Jim Roche, Chairman of Ballard’s Board of Directors
Jiang is currently a non-Executive Director of Weichai, President of Shandong Heavy Industry Co., Ltd., a supervisor of KION Group AG, a Director of U.S.-based PSI Inc., and a Director of Ferretti International Holdings S.p.A.
Sun is currently Executive Director and Executive President of Weichai, a Director of Weichai Group Holdings Limited and Weichai Heavy Duty Machinery Co., Ltd. as well as Chairman of US-based PSI Inc.
Is this another Chinese IP theft scheme? Is Ballard going to be the next American company to lose its markets to a Beijing-controlled criminal enterprise?
Posted by: Engineer-Poet | 03 January 2019 at 05:15 AM