[News-Oxcart Network]
New personnel changes have taken place on the board of directors of Great Wall Motors.
According to the latest announcement of Great Wall Motor, Wang Fengying will continue to serve as general manager due to the need to resign as an executive director, vice chairman and member of the Strategy and Sustainability Committee due to work needs. Yang Zhijuan applied for resignation as an executive director due to work needs, and will continue to serve as the assistant general manager in the company's production technology development center.
After Wang Fengying and Yang Zhijuan leave office, Great Wall Motor's 7-member board of directors will be lower than the legal minimum number, so they will continue to perform their duties as directors until the newly elected directors take office. At the same time, the board of directors agreed to replace the directors and nominated Zhao Guoqing and Li Hongshuo as candidates for executive directors of the seventh board of directors.
Wang Fengying, female, born in 1970, joined Great Wall Motor in 1991, focusing on the company's marketing management, and since then, she has successively served as the general manager of Great Wall Motor Sales Co., Ltd. and the president of Great Wall Motor Co., Ltd. Known as the "second boss" of Great Wall Motors, he is the second person second only to Wei Jianjun, chairman of Great Wall Motors.
According to Great Wall Motor's 2020 annual report, Wang Fengying's salary for that year was 5.5058 million yuan, second only to Wei Jianjun's 5.74 million yuan; Yang Zhijuan's salary was 733,500 yuan, Zhao Guoqing's salary was 3.0074 million yuan, while Li Hongshuo's salary was 485,500 yuan after less than a year.
The industry speculates that the personnel change of Great Wall Motors is an important embodiment of the rejuvenation of its management team. Wang Fengying and Yang Zhijuan, as the only three "girl scouts" on the board, have an average age of more than 50 years old, while the new executive director candidates Zhao Guoqing and Li Hongshuo are 45 and 39 years old respectively.
In addition, in July 2020, Great Wall Motors began a series of organizational restructuring work, the most important of which was the introduction of the rotating president system. Prior to this, the president of Great Wall Motors has been Wang Fengying, and after the implementation of the rotating president system, although Wang Fengying still serves as the president of Great Wall Motors, he has actually retreated behind the scenes, and more appearances are made by Meng Xiangjun, the rotating president, and Mu Feng, who later replaced him.
Zhao Guoqing, male, born in 1978, joined Great Wall Motor in 2000, and successively served as the director of the comprehensive management department of Zhengzhou Great Wall Company, the director of the human resources department of the company's manufacturer division of Great Wall Motor, the director of the comprehensive management department, the director of the lean promotion headquarters of Great Wall Motor Co., Ltd., the vice president of the technical research institute and the director of the supporting management headquarters of Great Wall Motor, the deputy general manager of Great Wall Motor, and the chairman of Beam Motors.
In 2018, as the project leader, Zhao Guoqing single-handedly promoted and witnessed the in-depth cooperation between Great Wall and BMW, which is also the first vehicle joint venture project after the adjustment of the national joint venture equity ratio policy.
According to the latest performance report, in 2021, Great Wall Motor's total operating income reached 136.317 billion yuan, an increase of 31.95% year-on-year, and net profit reached 6.781 billion yuan, an increase of 26.45% year-on-year. After the new personnel changes, younger management began to enter the core areas of Great Wall Motors, which should be good news for sales and revenue scale growth.