Relying on more than 10-years of industry experience, the skilled executive management team of Armco Metals is leading our company toward our goal of becoming the largest scrap steel recycler in the country. Our long-standing relationships with more than 100 small- and medium-sized metal producers have been cultivated through our executive teams’ unique approach to business and environment: providing responsible solutions based on environmentally friendly practices; reliable, cost-effective sourcing; and quality metal products. Our executive team has successfully positioned the company as credible, dependable partner for customers, suppliers, and investors within the steel production market.
Kexuan Yao, Chairman and Chief Executive Officer
Since June 2008, Mr. Yao has served as Armco Metals’ chairman of the board of directors and chief executive officer. In addition, Mr. Yao has served as the chairman and general manager of our subsidiary, Armco Metals International, Ltd., since its inception in 2001.
From 1996 to 2001, Mr. Yao served as the general manager of the Tianjin Branch for Zhengzhou Gaoxin District Development Co., Ltd., a Chinese metal distribution business. While there, he was responsible for managing the iron ore import department, which coordinates the delivery of iron ore from around the world to China.
Mr. Yao received a bachelor’s degree from Henan University of Agriculture in 1996 and obtain an EMBA degree from the China Europe International Business School (CEIBS) this year. Our board of directors believes his experience in the metal ore business, as well as his success in operating Armco Metals International, enhances the quality of the board of directors and is key to the company’s long-term success.
Fengtao Wen, Chief Financial Officer
Mr. Wen has served as our chief financial officer since June 2008. Additionally, Mr. Wen has served as the accounting manager of our subsidiary, Armco Metals International, and its subsidiary, Henan Armco & Metawise Trading Co., Ltd., since 2005. As the accounting manager, he is responsible for supervising the financial controls and management of these entities.
Mr. Wen graduated from the Economics Department of Zhengzhou University in 1996 and promptly took a position in the accounting department of Zhengzhou Smithing Co., Ltd., where he remained until joining Armco Metals in 2005.
Weigang Zhao, Vice General Manager of Armet (Lianyungang) Renewable Resources and Director
Mr. Zhao has been a member of our board of directors since June 2008. A key employee, he has served as the vice general manager of Armco Metals International’s subsidiary, Armet (Lianyungang) Renewable Resources Co., Ltd., since 2007.
From 2005 through 2006 Mr. Zhao served as a manager in the supply department at Henan Anyang Steel Co., Ltd. Prior to this, Mr. Zhao served as the marketing manager at Sinotrans Henan Co., Ltd., from 2003 through 2004. Mr. Zhao graduated with a bachelor’s degree in economics from Henan College of Finance and Economics in 2002. Our board of directors believes Mr. Zhao’s experience in the steel industry is a key qualification for his inclusion on the board.