UTStarcom Announces Finance Leadership Changes

Rhea-AI Summary

UTStarcom (NASDAQ:UTSI) announced finance leadership changes effective August 2026. Chief Financial Officer Dan Xie will leave the CFO role on August 21, 2026 and become Vice President overseeing India and Japan operations. Ying Kang joined as Assistant Vice President of Finance on August 13, 2026, reporting directly to the CEO and assuming full oversight of the Finance Department from August 21, 2026, following board approval on August 11, 2026.

Positive

• Finance succession defined: Assistant VP of Finance Ying Kang assumes full oversight of the Finance Department from August 21, 2026
• Experienced finance professional hired: Ying Kang brings nearly 20 years of SOX and internal audit experience and holds CPA and CIA certifications

Negative

• CFO role change: Current Chief Financial Officer Dan Xie will no longer serve as CFO effective August 21, 2026

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HANGZHOU, China, Aug. 13, 2026 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that Mr. Dan Xie (“Dan”), will no longer hold his role as Chief Financial Officer effective August 21, 2026. Following this adjustment, Dan will serve as Vice President to oversee the Company's India and Japan operations.

Concurrently, Mr. Ying Kang joined the Company and holds the position of Assistant Vice President of Finance, effective August 13, 2026, reporting to CEO directly and will assume full oversight of the Finance Department starting August 21, 2026.

The board of directors has approved the above changes on August 11, 2026.

He has nearly 20 years of professional experience. He previously held various Senior SOX Project Manager and internal audit positions for the US listed companies. Ying Kang received his Master’s Degree in Environmental Engineering from Shanghai Jiao Tong University in 2006 and holds the China Certified Public Accountant and Certified Internal Auditor (CIA) certificate.

About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan, India and China. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.

For investor and media inquiries, please contact:

UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Shelley Jiang,
Investor Relations Email: utsi-ir@utstar.com /  shelleyjiang@utstar.com

FAQ

What finance leadership changes did UTStarcom (NASDAQ:UTSI) announce on August 13, 2026?

UTStarcom announced that CFO Dan Xie will step down as CFO on August 21, 2026, becoming Vice President for India and Japan operations. According to UTStarcom, new hire Ying Kang becomes Assistant Vice President of Finance and will oversee the Finance Department from that date.

When will UTStarcom’s CFO transition for Dan Xie (UTSI) take effect?

The transition of Dan Xie from Chief Financial Officer to Vice President overseeing India and Japan at UTStarcom takes effect on August 21, 2026. According to UTStarcom, this change was approved by the board on August 11, 2026 and follows a defined succession plan.

Who is Ying Kang, the new finance leader at UTStarcom (UTSI)?

Ying Kang is UTStarcom’s Assistant Vice President of Finance, effective August 13, 2026. According to UTStarcom, he has nearly 20 years of SOX and internal audit experience, holds China CPA and CIA certifications, and will fully oversee the Finance Department from August 21, 2026.

Will the new Assistant VP of Finance at UTStarcom oversee the entire Finance Department?

Yes. According to UTStarcom, Assistant Vice President of Finance Ying Kang will assume full oversight of the Finance Department starting August 21, 2026. He will report directly to the CEO, centralizing finance leadership under the new structure after the CFO role change.

How does the UTStarcom (UTSI) board support the 2026 finance leadership changes?

UTStarcom’s board of directors approved the finance leadership changes on August 11, 2026. According to UTStarcom, this approval covers Dan Xie’s move from CFO to Vice President for India and Japan and appointing Ying Kang to lead the Finance Department.

What role will former CFO Dan Xie hold at UTStarcom after August 21, 2026?

After August 21, 2026, former CFO Dan Xie will serve as Vice President overseeing UTStarcom’s India and Japan operations. According to UTStarcom, he will no longer hold the Chief Financial Officer role but continues in an operational leadership capacity.