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

Guo Wenqing has been appointed as the new head of China Minmetals Corp, the country's biggest metals trader, according to the company's statement on its website. Guo was named as board director, general manager and vice Party secretary of the State-run company by the State-assets regulator, the State-owned Assets Supervision and Administration Commission. Before assuming the post, Guo has been serving at China Metallurgical Group Corporation. He was named as chairman of the company in 2014. Guo will continue to perform in his role at MCC, according to a separate statement on MCC's website. MCC is an equipment maker that was bought by CMC in December 2015.

Zhang named president of Amazon China

Amazon has appointed Zhang Wenyi as new president of Amazon China. Prior, Zhang was Amazon global vice-president and general manager of Kindle China. In the new role, Zhang will take over the e-commerce business of Amazon China and continue to lead the Kindle business in China. Amazon China's current president Doug Gurr will return to Amazon UK as the country manager. Zhang graduated from the University of Washington with a bachelor's degree in electrical engineering in June 1993. She joined Amazon as global vice-president in May 2013. Before joining Amazon, Zhang worked for Intel and held positions related to strategy and branding. Over the past three years, Zhang was in charge of the strategy and development of Amazon's Kindle in China and introduced the full Kindle product lines into this marketplace. At present, Kindle's sales in China rank second in the world after the United States.

Agri Bank nominates Zhou Mubing as ED

Agricultural Bank of China announced that its board has resolved to nominate Zhou Mubing as an executive director of the bank for a three-year term, subject to the approval of shareholders and ratification by the China Banking Regulatory Commission. His term shall commence upon the ratification of his qualifications by the CBRC.

Frydrych to lead Home Credit in China

Home Credit BV, the Netherlands-based holding company for Home Credit's leading multi-channel consumer finance operations in CEE and Asia, has appointed a new country head for its operations in China. Ondrej Frydrych will become country CEO in China as of June 1. Frydrych will report to Tomas Jirgl, group regional executive director. Frydrych joins Home Credit Group from Eldorado, the nation-wide Russian chain of electronics and home appliance stores, which he led as CEO. Eldorado is a member of PPF Group. Prior to joining Eldorado, Frydrych spent several years as a partner at Adastra Business Consulting, while being the CEO of its IT consulting arm at the same time. From his former position at Adastra, Frydrych provided consulting for numerous major clients, including Home Credit, Citibank, HSBC, Unicredit, Sberbank and Raiffeisen Bank. He has an MBA from the Rochester Institute of Technology. He also holds a diploma in computer science from the Dublin Institute of Technology.

China Daily - Agencies