Gareth Kung Email and Phone Number
Seasoned CFO with strategic mindset and a wealth of experience working for public, private equity-controlled and start-up companies. Over 20 years of work experience with technology and manufacturing companies in semiconductor, cleantech and IT services space. Proven track record of turning around two public companies from loss-making to profitable businesses.
Alpha Power Solutions Limited
View- Website:
- alpha-powers.com
- Employees:
- 22
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Chief Financial OfficerAlpha Power Solutions Limited Jun 2020 - PresentShanghai, China; Hong KongA leading silicon carbide ("SiC") semiconductor fabless start-up in Greater China with the core business in the design and manufacturing of leading-edge SiC power devices for new energy applications including EV charging, solar & energy storage system and EV.As a member of the top management, I have taken a key role in setting the company's overall business strategy and driving the business growth. The company's revenue increased 10X from 2019 to 2023.Led successfully the completion of C and D rounds of equity financing. Not only these provided critical funding for the company to scale up its business, but also brought in top-tier investors from the new energy sector in China and secured strategic partnerships for the company to expand its business.Led the efforts in developing a full spectrum of management and supporting systems and processes including ERP, office automation, internal control, IT & data security, HR and legal compliance.As the Executive responsible for the HR function, primarily responsible for setting the strategy to identify and recruit key talents to grow the business. The company headcount increased from 24 in May 2020 to 65 currently. Also, led the restructuring of the corporate organization to strengthen and streamline the new product development function, which is key to the company’s future success.Report directly to Chief Executive Officers and the Board of Directors with responsibilities cover the finance function including FP&A, financial reporting, cashflow management, treasury, tax planning, investor relations, capital-raising as well as HR, IT, legal and company secretary functions. -
Global Chief Financial OfficerVxi Global Solutions, Llc Jul 2017 - Apr 2020Shanghai City, China; Los Angeles, UsVXI is a leading global provider of outsourced CRM and IT services. Headquartered in Los Angeles and Shanghai, VXI provides a full-range of CRM and ITO services including proprietary software and AI solutions to global companies with delivery hubs in US, China, Philippines, Central America and the Nordic region.VXI was majority owned by Carlyle, a top-tier global private equity firm. A key member of the executive team, driving the group’s operating performance through strengthening the financial planning and control – achieved double-digit percentage growth in both annual turnover and EBITDA from 2017 to 2019 in a highly competitive and matured industry. Through hands-on management, led the restructuring of an under-performing business unit from significant loss in 2017 to profitability in 2019 through rightsizing and refocusing the business, replacing key management and strengthening the financial planning, control and oversight.Completed the refinancing of the leveraged loan in 2019 with extended maturity and less restrictive financial covenants. This critically protected the group from potential financial distress in 2020 following the outbreak of COVID-19 contagion.Reported directly to Group Chief Executive Officers and the Board of Directors; a member of the executive team with global responsibilities for all aspects of finance functions.Supervised a global finance team located in China, US, Philippines and the Nordic region. -
Chief Financial Officer, Executive Vp - Strategic Business Development & Company SecretarySemiconductor Manufacturing International Corporation Jul 2012 - Jul 2017Shanghai City, ChinaSemiconductor Manufacturing International Corporation with dual listing in Hong and US is the largest semiconductor manufacturing company in China with a market capitalization of around US$6 billion in July 2017.A key member of the executive team who successfully turned around the group’s operating performance through aggressive top line growth as well as tight cost control. Market capitalization increased over 6X from US$950 million in July 2012 to around US$6.0 billion in July 2017.Executed highly successful investor relations program to raise profile among equity analysts and institutional investors. Twice voted in 2015 and 2016 having one of the best IR programs among semiconductor companies in Asia-Pacific Region by Institutional Investor.Successfully led landmark capital market transactions - raised over US$1.5 billion via equity, convertible bond and debt offerings. Led the initiative to secure investment grade credit ratings from both S&P and Moody's. Successfully led the completion of the first ever cross-border acquisition by SMIC – a US$160 million acquisition of a specialty semiconductor manufacturer based in Europe. Led the entire deal process from the identification of the target, performing due diligence, negotiation, deal structuring, closing and post-transaction integration.As the Company Secretary, fully responsible for ensuring the company’s full compliance with the relevant securities regulations in both Hong Kong and US as well as organizing the Board of Directors meetings.Key responsibilities covering all aspects of finance function including FP&A, financial reporting, treasury, risk management, capital structure management, capital-raising, tax planning, investor relations as well as M&A strategy, securities regulations compliance and company secretary functions.Directly supervised and managed a team of around 100 professionals.
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Chief Financial OfficerHanwha Solarone Co. Ltd. (Formely Known As Solarfun Power Holdings Co. Ltd.) Nov 2009 - Jul 2011Shanghai City, ChinaHanwha SolarOne, listed on NASDAQ, was one of the world’s top ten solar photovoltaic module manufacturers. The company was backed by Good Energies, a European private equity firm. A key member of the executive team who successfully turned around the Group’s operating performance in 2010 through aggressive top line growth as well as tight cost control – annual turnover jumped from US$550 million in 2009 to over US$1.1 billion in 2010; financial performance significantly improved from losses in 2008 & 2009 to net income of US$160 million in 2010.; market capitalization multiplied from US$280 million in November 2009 to US$760 million in December 2010. Led an active investor relations program to raise profile among equity analysts and institutional investors; increased research coverage from about six to over fifteen brokerage firms including top-tier Wall Street firms such as Goldman Sachs, Barclays, Macquarie, Lazard Capital & Jefferies.Successfully led capital market transactions - raised over US$250 million of new equity capital via public offering and private placements.Successfully executed the exit by Good Energies with the acquisition of a controlling stake by Hanwha Group of Korea in September 2010.Key responsibilities covering all aspects of finance function including FP&A, financial reporting, treasury, risk management, capital structure management, capital-raising, M&A strategy, tax planning, investor relations, internal audit and SOX compliance.Directly supervised and managed a team of around 50 professionals in the accounting and finance organization.
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Group Financial Controller, Group TreasurerSemiconductor Manufacturing International Corporation Mar 2003 - Nov 2009Shanghai City, ChinaA member of the project team who launched the Group's US$1.8 billion IPO simultaneously on The Stock Exchange of Hong Kong and New York Stock Exchange in March 2004. Led the planning, negotiation and execution of major financing transactions; successfully raised approximately US$2 billion debt capital in China as well as in international capital markets.Advised and supported the execution of key strategic transactions including US$320 million acquisition of Motorola's semiconductor manufacturing operation in Tianjin in January 2004; US$500 million joint-venture for the set-up of a new semiconductor manufacturing facility in Chengdu in October 2005; strategic partnership with IBM Corporation to license the advanced manufacturing technology in December 2007 and $175 million strategic equity placement to Datang Group in December 2008.
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Manager, Direct InvestmentsAig Investment Corporation Apr 2000 - Feb 2003Hong KongA member of the project team responsible for the origination, structuring and execution of private equity transactions in Asia as well as reviewing transactions originated globally.
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Assistant Vice PresidentAbn Amro Bank N.V. Feb 1997 - Mar 2000Hong KongPrimarily responsible for the origination, structuring and execution of debt financing transactions for large corporations in Hong Kong and China. -
Assistant Manager, Corporate FinanceUob Asia Limited Aug 1995 - Jan 1997Hong KongExecuted and completed three cross-border IPOs on the Singapore Stock Exchange and advised the acquisition of two listed companies in Hong Kong.
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Senior Internal AuditorRbc 1991 - 1993Montreal & Toronto, Canada -
Audit SeniorPrice Waterhouse 1987 - 1990Singapore
Gareth Kung Education Details
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Business Administration And Management, General -
Bachelor Of Accountancy -
A-Level
Frequently Asked Questions about Gareth Kung
What company does Gareth Kung work for?
Gareth Kung works for Alpha Power Solutions Limited
What is Gareth Kung's role at the current company?
Gareth Kung's current role is Highly Experienced Chief Financial Officer at the Technology Sector.
What schools did Gareth Kung attend?
Gareth Kung attended The University Of Western Ontario - Richard Ivey School Of Business, National University Of Singapore, National Junior College.
Who are Gareth Kung's colleagues?
Gareth Kung's colleagues are Athar Khan, Ho Nam Lee, Elina Xu.
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