Home / Business / Companies

Guo will remain chairman of Fosun International Group

By SHI JING in Shanghai | | Updated: 2017-11-10 21:46

Fosun International Group reassured the market that Guo Guangchang will remain as the group's chairman, dispelling rumors that Guo had resigned from the post Friday night.

The Beijing News had reported Friday that Guo would not resume his position as Fosun International's chairman and corporate representative.

But Fosun International immediately clarified in an announcement that Guo has only stepped down from the chairman post of Shanghai Fosun High Technology (Group), which is a wholly owned subsidiary of Fosun International. His position with Fosun International is unchanged.

The group stressed that this is a normal personnel change that won't affect Fosun High Technology's operation or management. Guo previously held chairman positions in the group’s other subsidiaries such as Shanghai Fosun Pharmaceutical (Group).

With this personnel change, Guo will focus on the advancement of the group's major projects and business opportunities as well as its strategic deployment.

As the group's global partnership model matures, the personnel change will grant more power and responsibility to the younger management team, according to the announcement.

Guo has also confirmed to his colleagues Friday via his WeChat account that he would remain as the group's chairman.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349