New developments have been made in the change of the board of directors of Great Wall Motor.
In late January, Great Wall Motor announced that Wang Fengying would 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. On March 18, Great Wall Motor once again issued an announcement that it had approved Wang Fengying's previous application that Ms. Wang Fengying would no longer serve as an executive director and vice chairman of the company, and Mr. Zhao Guoqing, an executive director and deputy general manager, would take over.
At the same time, Ms. Wang Fengying no longer serves as a member of the Company's Strategy and Sustainability Committee, and the Board of Directors deliberated and elected Ms. Li Hongshuo as a member of the Company's Strategy and Sustainable Development Committee.
In the January announcement, Yang Zhijuan also applied to resign as an executive director of Great Wall Motor due to work needs, and according to the new announcement, Li Hongzhu will become an executive director of the company on March 18. At this point, after Wang Fengying and Yang Zhijuan stepped down, the board of directors that was originally lower than the minimum number of 7 people was newly supplemented, and Zhao Guoqing and Li Hongtuo became the new executive directors.
According to public information, Zhao Guoqing, male, 44 years old, joined Great Wall Motor in 2000 and successively served as the director of the lean promotion headquarters of the company, the vice president of the technology research institute, the director of the supporting management headquarters, the deputy director of the technology center, and now the executive director and general manager of Mande Electronics and Electrical Appliances Co., Ltd. Since June 2010, he has been the deputy general manager of Great Wall Motor, and on March 18, 2022, he was appointed as an executive director of Great Wall Motor.
Li Hongshuo, female, 38 years old, joined Great Wall Motor in 2007, engaged in financial management for 13 years, Ms. Li was the assistant director of the company's finance department, the financial director of Baoding Great Wall Holding Group Co., Ltd., leading the construction and reform of the financial organization of Baoding Great Wall Holding Group Co., Ltd., the construction and landing of the financial system and risk control system. Since June 2020, he has been the Chief Financial Officer of Great Wall Motors, and on March 18, 2022, he was appointed as the Executive Director of Great Wall Motors.
Judging from the information of the two successors, the personnel change of Great Wall Motors is also an important embodiment of the "rejuvenation" of its management team, and the average age of the two "girl scouts" who have left the post has exceeded 50 years old, and the two successors are under the age of 45.
According to Great Wall Motor's latest performance report, in 2021, the company's total revenue reached 136.317 billion yuan, an increase of 31.95% year-on-year; net profit reached 6.781 billion yuan, an increase of 26.45% year-on-year. After the new management team is in place, we will wait and see whether the "young" organizational structure can lead Great Wall Motors, which has both revenue and profit growth, to achieve better results.