New board member for Suntech adds deep restructuring experience. Michael Pearson will joinMichael Nacson, Kurt Metzger, Dr. Zhengrong Sh,i and Deyong He on Suntech’s Board.
As Suntech makes the news for its agreement to proceed with restructuring under chapter 15, it’s also adding a new board member with some restructuring experience. Today, the company announced that it has added a fifth member to its Board of Directors. Michael Pearson will joinMichael Nacson, Kurt Metzger, Dr. Zhengrong Sh,i and Deyong He on Suntech’s Board.
Pearson is the co-founder of Fund Fiduciary Partners Limited, a company based in the Cayman Islands, specializing in providing independent governance to a limited number of select investment vehicles. From 2008 to 2012, Pearson was a Director at a Big Four accounting firm in the Cayman Islands, where he led the investment fund restructuring practice and personally ran a large number of funds experiencing difficulties toward the end of their lives. He is a member of the Institute of Chartered Accountants in England & Wales and has been qualified to act as an insolvency practitioner since 2005. He also acts as a Cayman Court-appointed liquidator and as a restructuring advisor to a number of high-profile offshore and onshore investment funds and SPVs. He is a member of INSOL International and the American Bankruptcy Institute, and is the founding chairman of the 200 member, INSOL affiliated, Cayman Islands-based Restructuring and Insolvency Specialists Association.