Emeren Group Ltd announced that Mr. Yumin Liu, Chief Executive Officer, will step down from his role effective April 30, 2025. Ms. Julia Xu, an independent director, has been appointed as Interim CEO, effective May 1, 2025, while a formal search for a permanent CEO is underway.
The company's Board of Directors also formed a special committee, comprising its three independent directors, to evaluate a preliminary non-binding going-private proposal received on March 17, 2025. This committee will assess the proposal and other potential strategic alternatives.
Emeren also released preliminary financial results for the first quarter of 2025, expecting an adjusted operating loss of approximately $4 million. The company anticipates reporting final Q1 2025 results around mid-May.
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