On the move

Wan Feng quits as New China Life chairman

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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