Deutsche Bank Reports Mindray CFO Turnover A Neutral Event

In a report published by Deutsche Bank, Mindray MR CFO turnover is a neutral event. Deutsche Bank said that Mindray announced Mr. Ronald Ede will step down as CFO but continue to stay on the board, while current COO, Mr. Jie Liu, will take over the CFO role. “We have high confidence in the incoming CFO, Mr. Jie Liu, who has been a long term veteran of Mindray, and a trusted lieutenant of the board. His extensive operational experience is likely to fulfill requirement of as a CFO/ COO in our opinion. However, we do not exclude the possibility that Mind ay may look for a new CFO.” Mindray closed yesterday at $26.92.