Yalian Steel Corporation announced that Ms Lan Shangguan has been appointed as the Company CFO and corporate secretary effective immediately. Ms Shangguan replaces Murray Flanigan who has served as CFO and corporate secretary since January, 2010 and is leaving the Company to pursue other opportunities in the oil & gas sector.
Ms Shangguan is a Chartered Accountant with broad international experience in both public accounting and executive level financial management positions across multiple industries. She has worked for a number of large international public practice firms including KPMG, Singapore, Ernst & Young, Beijing, China, and Grant Thornton, Vancouver, Canada. Ms Shangguan has also served as a controller and as a CFO for a number of Canadian public companies including a company that was a United States SEC registrant. Ms. Shangguan has extensive experience in the areas of international accounting and financial reporting, budgeting and forecasting, working capital management, tax planning, and the development of internal control policies & procedures.
Most recently, Ms Shangguan has served as an independent consultant, providing professional accounting services and financial management advice to both public and private companies. Ms Shangguan is bilingual in English and Chinese and is a graduate of the Monash University in Australia, with a Bachelor of Economics degree. She also holds a CPA designation from the Australian Society of Certified Practicing Accountants.
Ms Xia Xu acting chief executive officer of Yalian said "Lan is a senior finance professional with over fifteen years experience working for both North American and Asia Pacific companies in both public accounting and corporate financial management. Her public practice experience with large international accounting firms combined with prior CFO experience will be a tremendous asset to the company. On behalf of the board and management of Yalian, I would like to welcome her to the team. I would also like to thank Murray Flanigan for his contributions to the Company and wish him the very best in his future endeavors."
