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Vanke High Level Changes Have Been Confirmed

2010/10/16 17:17:00 41

"14 days ago,"

Vanke high level

The news of the change has been confirmed by Vanke.

The two vice presidents of the group have all changed, but not all of the two have left Vanke, and vice president Chen Dong Feng has resigned, while the other vice president Xu Guohong has become president advisor.

Vanke said that because two people do not belong to the category of "company executives", there is no need to issue a notice.

It is reported that before Chen Dongfeng was inaugurated as Vanke, he was the director of the information and decision making Department of Greater China in Procter & Gamble and director of global business services division.

After joining Vanke, they are mainly responsible for Vanke process management and information construction.

Xu Guohong is a representative of "overseas returnees" who has an overseas senior academic background. He served as director and asset management director of the Asia Pacific region of Jones Lang LaSalle.

Two people were introduced to Vanke in 2007 because of the "007 pirate program". They have just joined Vanke for 3 years.

For the reasons for the change in the work of the two vice presidents, Vanke explained that Xu Guohong was no longer the vice president of the group since October 1, 2010 because of the expiration of the contract.

Xu Guo Hong

Instead of being completely divorced from Vanke, he became president of the group.

Chen Dongfeng, vice president of the former group, resigned because of "personal development reasons". According to "daily economic news", Chen Dongfeng joined the famous software company UFIDA Limited by Share Ltd after leaving office.

Vanke stressed that the above two persons were not part of the "Group executives".

Executive turnover

The statement is not accurate.

Vanke said, "according to the relevant provisions, the company's senior managers are directors, executive vice presidents, board secretaries and financial executives who are appointed by the board of directors in the company to assume management responsibilities. Strictly speaking, only those persons belong to the company's high management". Vanke also said that since the two vice presidents are not "Group executives", they do not belong to the scope of information disclosure, and they will not publish a notice on this matter.

As for the change of the position of the two vice presidents, the insiders believe that the change of the positions of the two party has little influence on the strategic development of the company, and the reason is mainly personal choice. Some analysts believe that two of the average person pferred from multinational company to Vanke, and the difference of corporate culture may be an important reason for the change of two jobs.

From the two tier market, the news had limited impact on Vanke's stock price. Yesterday, Vanke shares rebounded slightly after opening to 1.6%.

Since September 30th, Vanke's stock price has risen by 22%.