ReneSola Ltd. announced that Sam Feng has stepped down as a director of the company and that it has appointed Himanshu H. Shah, Founder, President, and CIO of Shah Capital, to its Board of Directors effective March 18, 2022. Himanshu brings over thirty years of experience in global capital markets and entrepreneurial business acumen. Over the years, he has successfully advised many portfolio companies on both pragmatic strategy and disciplined execution.

In addition, Mr. Shah has served on the Board of Directors for Vitamin Shoppe. Currently, he is also the Chairman of Marius Pharmaceuticals. Shah Capital is a long-term stakeholder and has over 17% ownership of ReneSola Power.