Hohhot City, China - China Energy Corporation announced that it has appointed Paul Li, Stephen Markscheid and Brock Silvers to its board of directors, effective immediately.
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Mr. Li is an expert on risk-based auditing, GAAP financial reporting, SEC compliance and forensic auditing.
He began his internal audit career as a manager with the St. Paul Companies and Prudential Company.
More recently, Mr. Li was an internal audit and compliance officer with Countrywide Financial Corporation. From there he moved on to US government forensic auditing.
Mr. Li had prior experience as CFO of Hainan Jinpan International (JST), Taiheng International, C&M Holding and Transtate Insurance Company. Mr. Li was an adjunct assistant professor with the College of Insurance and guest lecturer at Nanjing University.
Mr. Li obtained a master's degree in risk management from the College of Insurance and has 34 years of financial management experience.
Mr. Li is a U.S. certified public accountant (CPA) licensed in California and New Jersey.
Mr. Markscheid, who has extensive experience in the global banking, corporate finance and capital market sectors, currently serves as chief executive officer of Synergenz BioScience Inc., a Hong Kong-based genomics company.
Previously he was chief executive officer of HuaMei Capital Company, Inc., China's first U.S.-based investment bank, as well as senior vice president for global risk at GE Healthcare Financial Services, and director of business development at GE Capital in both Beijing and Singapore.
He also has held consulting, consumer and corporate finance positions for Chinese and global clients at Boston Consulting Group, First Chicago Bank and Chase Manhattan Bank.
Mr. Markscheid received his MBA from Columbia University, MA in International Affairs & Economics from Johns Hopkins University and BA in East Asian Studies from Princeton University.
He currently serves as an independent director on the boards of CNinsure, Inc., a NASDAQ-listed insurance brokerage company, and Jinko Solar, Inc. a NYSE-listed solar PV manufacturer.
He also serves on the investment committees of two separate Hong Kong-based private equity funds, Emerald Hill Capital Partners and Pacific Alliance China Growth Fund.
Mr. Silvers has more than two decades of senior investment and operating experience in China and Asia, with a specific emphasis on the energy industry.
He previously served as CEO of Laris Group, a China-based hospitality portfolio, and CEO of Envirofit International, an environmental technology firm operating in the Asia Pacific region.
Mr. Silvers was also a co-founding Partner of Power Pacific Company, a private equity firm focused on Chinese energy industry investments, and served as Director - International Development for Eagle Industries, a multi-billion dollar industrial holding company controlled by renowned U.S. investor Sam Zell.
Mr. Silvers' Board experience includes serving as an Executive Director with Envirofit International, Power Pacific Company, and Shijiazhuang Yongtai Cogen Joint Venture.
He received his MBA in Finance from the Wharton School - University of Pennsylvania, his M.A. in International Studies (Chinese Language & Culture) from the Lauder Institute - University of Pennsylvania, and his B.A. in Chinese Studies from Columbia University. ■