Shenyang, China - August 10, 2012, Shenyang, China - 3SBio Inc., a biotechnology company, announced that Lawrence S. Wizel has submitted his resignation from 3SBio's board of directors, effective September 1, 2012.
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Mr. Wizel has served as a director since September 2006. Since August 2007, Mr. Wizel has been a member of the board of directors of Puda Coal, Inc., a supplier of metallurgical coking coal to the industrial sector in China. Since 2006, Mr. Wizel has served on the board of directors of American Oriental Bioengineering, Inc., a Chinese company focused on certain prescription and OTC pharmaceutical products and nutraceutical products.
He was a partner at Deloitte & Touche LLP from 1980 to June 2006. He also served as deputy professional practice director and northeast region China service group leader of Deloitte & Touche LLP from 2002 to 2006. He has extensive experience serving a diverse client base of both publicly-held and private companies and has also assisted numerous Chinese companies with their filings with the Securities and Exchange Commission.
Mr. Wizel is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He also serves as a Member on the Board of Trustees of Helen Keller Services for the Blind. He received his bachelor’s degree in science from Michigan State University.
Effective September 1, 2012, Mr. Tianruo Pu will join 3SBio's board of directors as an independent director, with appointment to serve in the audit committee as the chair and in the compensation committee.
Mr. Pu currently chairs the audit committee of UTStarcom Holdings Corp and also serves on its other board committees. From September 2008 to June 2012, Mr. Pu was the chief financial officer of China Nuokang Bio-Pharmaceutical Inc. where he successfully led Nuokang Biopharma's IPO process and was responsible for its M&A and corporate growth strategy.
Prior to joining Nuokang Biopharma, Mr. Pu was the chief financial officer of Global Data Solutions, a Chinese information technology services outsourcing company, which he joined in June 2006. From September 2000 to May 2006, he worked as a management consultant with Accenture, CSC Consulting Group and Mitchell Madison Consulting Group. ■