Mr.WANG Haimin,vice president of COSCO SHIPPING Holdings,was appointed as new CEO of OOIL.
The board of directors of Orient Overseas (International) Limited declared the announcement with effect from 18 September 2019:
(1)Mr. HUANG Xiaowen resigned as an Executive Director, the Chief Executive Officer, a member of the Executive Committee and the chairman of the Inside Information Committee and the Risk Committee of the Company due to his work commitments;
(2)Mr. ZHANG Wei resigned as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company due to his work commitments;
(3)Mr. WANG Haimin has been appointed as the Chief Executive Officer and the chairman of the Inside Information Committee and the Risk Committee of the Company, and resigned as a member of the Finance Committee and the Compliance Committee of the Company;
(4)Mr. YANG Zhijian has been appointed as an Executive Director and a member of the Executive Committee, the Finance Committee, the Compliance Committee, the Inside Information Committee and the Risk Committee of the Company; and
(5)Mr. FENG Boming has been appointed as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company.
RESIGNATION OF EXECUTIVE DIRECTORS, CHIEF EXECUTIVE OFFICER AND MEMBERS OF THE BOARD COMMITTEES
The Board hereby announces the following resignation of Executive Directors, Chief Executive Officer and members of the Board committees of the Company, all with effect from 18 September 2019:
(1)Mr. HUANG Xiaowen (“Mr. Huang”) resigned as an Executive Director, the Chief Executive Officer, a member of the Executive Committee and the chairman of the Inside Information Committee and the Risk Committee of the Company due to his work commitments;
(2)Mr. ZHANG Wei (“Mr. Zhang”) resigned as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company due to his work commitments; and
(3)Mr. WANG Haimin (“Mr. Wang”) resigned as a member of the Finance Committee and the Compliance Committee of the Company.
Both Mr. Huang and Mr. Zhang have confirmed that they have no disagreement with the Board and there is no other matter in respect of their resignation that needs to be brought to the attention of the shareholders of the Company.
The Board would like to express their gratitude and appreciation to Mr. Huang and Mr. Zhang for their valuable contribution to the Group during their tenure of service.
APPOINTMENT OF EXECUTIVE DIRECTORS, CHIEF EXECUTIVE OFFICER AND MEMBERS OF THE BOARD COMMITTEES
The Board has accepted the recommendation of the Nomination Committee of the Company on the following appointment of Executive Directors, Chief Executive Officer and members of the Board committees of the Company, all with effect from 18 September 2019:
(1)Mr. Wang, an Executive Director of the Company, has been appointed as the Chief Executive Officer and the chairman of the Inside Information Committee and the Risk Committee of the Company;
(2)Mr. YANG Zhijian (“Mr. Yang”) has been appointed as an Executive Director and a member of the Executive Committee, the Finance Committee, the Compliance Committee, the Inside Information Committee and the Risk Committee of the Company; and
(3)Mr. FENG Boming (“Mr. Feng”) has been appointed as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company.
Source:OOIL
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