Tue 24 Mar 2015, 14:22 GMT

Andatee director resigns


Chinese bunker supplier confirms the departure of Shao-Hua Chu.



Andatee China Marine Fuel Services Corporation, a company engaged in the production, storage, distribution, trading of blended marine fuel oil for cargo and fishing vessels in China, has confirmed the departure of one of its board members in a document filed yesterday with the U.S. Securities and Exchange Commission (SEC).

According to the document, Mr Shao-Hua Chu informed the board of directors of about his resignation on March 17.

"Mr. Chu noted that his resignation was for personal reasons and not for cause or disagreements with the company," Andatee said in the SEC filing.

"The company thanks Mr. Chu for his services on the board and board standing committees," the Chinese firm added.

The SEC filing was signed by Wang Hao, chairman and chief executive officer of Andatee, on March 23.

Mr Chu was appointed independent director at Andatee on September 2, 2014. He also holds the title of chairman of the Chinese Petroleum Institute, board director of the Taiwan Green Productivity Foundation and the CTCI Foundation.

Mr Chu has over 40 years of management and operational experience in the petroleum industry. He began his career in the early 1970s at Taiwanese state-owned company CPC Corporation, and advanced to various senior level management positions. Up until his retirement in 2012, he served as chairman and president of the firm.

Mr Chu graduated from the Chemical Engineering School in Taiwan Chung Yuan Christian University, and received a master's degree in Chemical Engineering/Petroleum Refining from Colorado School of Mines, United States.

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