Delta Announces New Management Team

At the end of June, Delta Group's board of directors announced the retirement of Delta Group's founder Mr. Bruce Cheng and the organization of Delta's new management team. Mr. Yancey Hai, Delta's longtime vice chairman and CEO, will take over as chairman of Delta's board of directors. President and COO, Mark Ko, will take over as vice chairman; president of China operations. Ping Cheng, has been appointed as company CEO; and senior vice president Johnson Lee will be president and COO. Delta's founder Bruce Cheng is officially retired from his position as chairman, but will continue to serve on the board as honorary chairman.

"To ensure Delta's sustainable operation, I have planned the succession thoroughly," said Bruce Cheng, Delta's founder and honorary chairman. "I started the handover when I appointed Yancey Hai as Delta's vice chairman and CEO eight years ago. Now Mr. Hai has been appointed as chairman and I am confident that he will continue to lead Delta to the next level."
Delta's honorary chairman Bruce Cheng said, “I founded Delta 42 years ago and have served at Delta ever since. I have accomplished my goals and it is time for me to handover the reins. After retirement I will do my best as a volunteer for environmental protection to make the world a greener and better place.”

Delta's new chairman Yancey Hai stated, "Serving as chairman is a new responsibility and I will do my best. Each echelon in Delta's executive management team, from president, vice presidents to general managers, consists of well-experienced managers who have joined Delta for many years, which will make the system much more stable."

Ping Cheng, Delta's new CEO, spoke further about the company's future development, "Under the leadership of new management, Delta will still focus on three business scopes: Power Electronics, Energy Management, and Smart Green Life. We will also continue to build Delta's brand, provide total solutions, and strengthen our relationships with regional customers and channels, while ‘Focus' and ‘Deliver' remain our operation policies for initiating more opportunities."

For Delta's employees, the business mindset and working spirit of Mr. Bruce Cheng will always be with them and the new management team. As a big family, Delta's members will continue to follow Bruce's steps in offering energy saving solutions and making the world both a better and greener place.





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