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China Daily | Updated: 2019-02-11 07:44

Wan Feng quits as New China Life chairman

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New China Life Insurance Co Ltd said Wan Feng (pictured) resigned as chairman and CEO on Jan 16 citing personal reasons. Li Zongjian, executive director, and Yang Zheng, vice-president, took over his duties on an interim basis. Prior, Wan served as the vice-president of China Life Insurance (Group) Co, and headed several of its subsidiaries. During his stint at New China Life, Wan pushed through radical reforms that brought about two-digit (almost 12 percent) growth in premium income last year, the highest since 2011.

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