The role was previously held by current chairman and CEO Wu Gang. Goldwind said Wu had proposed the appointment as an improvement to the company's management team.
The president, supervised by the CEO, is in charge of production and operation management, implementing decisions of the board of directors, drafting and carrying out the annual operation plans.
Having stepped down from the position of president, Mr Wu remains as chairman of the board and chief executive officer of the company.
Wang, 39, was director of Goldwind's marketing centre and investment development department from 2001. He has been holding the positions of general manager and CEO of Goldwind International Holdings (HK) Limited since January 2011 and January 2012, respectively. He was appointed as a vice president of the company in March 2010, and an executive director in June 2012.
According to the company constitution, Goldwind's management hierarchy is to be led by one CEO and one president, working for a term of three years. They may be re-appointed.
Goldwind's main competitor Sinovel made a similar move last year when board director Wei Wenyuan was appointed the new acting president.He replaced Han Junliang, who keeps the post of chairman.