Midea will change CFO Fang Hongbo announced this month to welcome the "renewal decade"

Midea Group (000333. SZ) announced on the evening of January 28, 2022, the company's chief financial officer (CFO) Cai Dingwei for personal reasons to resign, he resigned after his resignation will no longer hold any position in the company.

This means that after a year, midea group is ready to replace the new CFO. According to Midea Group's 2020 annual report, its last chief financial officer, Helmut Zodl, held the position from October 22, 2019 to January 25, 2021.

Midea Group is in a new round of change. Fang Hongbo, chairman and president of Midea Group, said at the company's annual meeting of operation and management on January 12 this year that Midea must dare to change and usher in the "renewal decade".

Over the past year, Midea has continued to push boundaries. For example, HVAC and Building Division was upgraded to Building Technology Division; Mechanical and Electrical Business Group was upgraded to Industrial Technology Business Group, home appliance chips achieved large-scale mass production, and the new energy vehicle parts business was about to develop on a large scale.

Fang Hongbo said that the core of The United States' business ideas in the next few years is to invest in science and technology. While focusing on the "Number One Strategy" of the To C business, Midea is firmly transforming into the To B business and establishing a second growth curve.

Ten years ago, Fang Hongbo took over as chairman of Midea Group in August 2012. Since 2012, through digital transformation and other changes, Midea's operating data and industrial layout have undergone great changes. "The United States has no city to defend", Fang Hongbo said, through scientific and technological investment, industrial transformation and upgrading, management replacement, and emphasis on a new generation of talents, to usher in a "renewal decade". "Management should constantly self-reflect and deny, and carry out all-round growth such as spirit and cognition."