On the move

Dai Houliang takes over as Sinopec GM

China Petrochemical Corp, Asia's largest oil refining company, has appointed Dai Houliang as its general manager in place of Wang Tianpu, who is being investigated for alleged corruption. Dai was also chosen as a board director and deputy Party secretary at the State-owned company, which is known as Sinopec. The decision was made by the State-owned Assets Supervision and Administration Commission. Dai has been serving in a management position at the energy giant for almost two decades. He was selected as vice president of Sinopec Yangzi Petrochemical Corp in 1997. He has served as senior vice president and chief financial officer of Hong Kong-listed unit of China Petroleum & Chemical Corp since 2006.

China Minmetals gets new chief Guo Wenqing