SAIC Chairman Chen Hong resigned; PwC China changes its chairman Executive Updates: June 29 – July 12, 2024

SAIC, NIO, Xpeng, Continental Continental, PricewaterhouseCoopers, Jones Lang LaSalle, Air Liquide, 3M, Philips, Thermo Fisher, Pfizer, WBA, ADM, UPS, FedEx, Richemont, Taobao, Condé Nast and other company executives.

China

SAIC Motor Group Co., Ltd. held the 23rd meeting of the 8th board of directors on July 10 and issued a resolution announcement: the meeting elected Mr. Wang Xiaoqiu, director of the company, as the chairman of the 8th board of directors of the company. Nominated by the chairman of the company, it was agreed to appoint Mr. Jia Jianxu as the president of the company, and the term of office is the same as that of the current board of directors. Mr. Chen Hong, the former chairman of the board, resigned as chairman of the board of directors and other positions due to his retirement.

NIO announced that Mr. Feng Wei has resigned as Chief Financial Officer for personal and family reasons. The company would like to express its sincere gratitude to Mr. Feng Wei for his contribution and wish him all the best in the future. The Board of Directors of the Company also approved the promotion of Mr. Qu Yu, Senior Vice President of Finance, to the new Chief Financial Officer. Qu Yu joined NIO in October 2016 and has demonstrated strong expertise and leadership in overseeing the company's overall financial and reporting functions. The Board considers Qu Yu to be a suitable candidate with substantial qualifications.

Xiaopeng Motors said that Jiao Qingchun, the former head of the organization of the automotive technology center, no longer holds any position in the company. After Jiao Qingchun's departure, Yu Peng will serve as the head of the organization of the Automotive Technology Center. Peng Yu joined Xpeng Motors in 2015 and was an early employee of the founding team of Xpeng Motors.

Continental Continental is pleased to announce that Mr. Tang Mingyou, the current National Sales Director of Continental Tire (China) Co., Ltd., will assume the role of General Manager of Continental Tire (China) Co., Ltd. in China, leading the company's business development in China. As the first Chinese General Manager of the Tire Division in China, Mr. Tang Mingyou will continue to promote the strategic layout and localization of Continental Tires in the Chinese market. The appointment is effective July 8, 2024. Ms. Gao Ruike, former General Manager of China, will become the General Manager of Continental Tire France.

PricewaterhouseCoopers (PwC) said that Zhao Baiji has retired on July 1 and will no longer serve as the chairman of PwC Asia Pacific and China, and Li Dan will serve as the chairman of PwC Asia Pacific and China. From July 2004 to July 2015, Li Dan successively served as a partner and chief accountant of PricewaterhouseCoopers Zhongtian Certified Public Accountants; Since July 2015, he has served as the chief partner of PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership) and the head of China's audit business. Since July 2022, he has been the Head of PwC's Asia Pacific Audit Practice and a member of PwC's Global Audit Leadership Team.

Royal Philips of the Netherlands announced on July 3 that Ms. Liu Ling will become President of Philips Greater China and a member of the Philips Global Executive Committee, reporting to Mr. Jabray, CEO of Philips. Her predecessor, Mr. He Guowei, decided to retire after a long and illustrious career. Ms. Liu Ling and Mr. Ho Kwok Wai will work together to ensure a smooth transition. Ms. Liu Ling joined Philips in 1998 and has worked and lived in Greater China, Netherlands and North America, holding various positions in various business units. Most recently, she was Chief Commercial Officer for Philips Greater China.

Thermo Fisher Scientific today announced that Miguel Faustino, President of Chemical Analysis of Thermo Fisher Fisher Scientific Analytical Instruments Division, will succeed Hann Pang as President of Thermo Fisher Scientific China effective August 1, 2024.

FedEx announced that Jialiang Chen, the current senior vice president of FedEx and president of China, will officially retire on August 16, 2024. Baoyan Xu, the current Vice President of Operations of FedEx China, will take over as Senior Vice President and President of FedEx China on August 1, 2024.

Jones Lang LaSalle (JLL) announced on July 10 that Jing Zhang has been appointed Chief Executive Officer of China. Jing joined Jones Lang LaSalle in 2007 and was appointed Managing Director of Eastern China in 2021 and President of Commercial Real Estate China in 2023. Alex Barnes, the current managing director of JLL Hong Kong and Macau, will further expand his responsibilities to lead JLL's Taiwan branch. Bessie Lee, the current CEO of Greater China, will leave her role in August.

Cheng Daofang, the former head of Taobao's content e-commerce division, has left his post and is no longer responsible for Taobao live broadcast and shopping-related businesses. Will devote himself to the cause of embodied intelligence. Cheng Daofang used to be the general manager of Taobao Live Division, and served as the legal representative of Zhejiang Diantao Haowu Network Co., Ltd., Zhejiang Alibaba Communication Technology Co., Ltd., Beijing Baina Yuedong Technology Co., Ltd. and other companies, and served as an executive of Zhejiang Diantao Haowu Network Co., Ltd., Zhejiang Alibaba Communication Technology Co., Ltd., Beijing Baina Yuedong Technology Co., Ltd. and other companies.

Conde Nastc has announced that Liu Chong, former editor-in-chief of GQ, will be responsible for the editorial decisions of the magazine brand across all channels and campaigns, effective immediately. Liu Chong will be the third editor-in-chief of Vogue China since its inception, replacing former editor-in-chief Margaret Zhang, who announced his departure in February.

globe

Air Liquide has launched a new Group Transformation Plan, announcing a number of changes at the organizational and managerial levels, effective September 1, 2024. Emilie Mouren-Renouard, Group Vice President, will directly oversee all business regions located in Europe, Africa, the Middle East and India. Armelle Levieux, Group Vice President of Innovation & Technology, will oversee the Engineering & Manufacturing business in addition to her existing responsibilities. Pascal Vinet, Group Executive Vice President, oversees the Group's Safety and General Industrial business lines, as well as the newly formed Group Industrial Management. Michael J. Graff, Group Executive Vice President, retired at the end of June 2024. The terms of reference of the other members of the Executive Committee remain unchanged.

3M announced that CFO Monish Patolawala has stepped down to "pursue other opportunities" after the company appointed Bill Brown as CEO. Patolawala, who will remain in the role until the end of the month, has held the position for four years, having helped complete the spin-off of the company's healthcare business, Solventum, in April and the company's multibillion-dollar settlement over drinking water contamination lawsuits. In a statement, 3M said it had initiated a succession process.

United States agricultural trading giant ADM announced on July 10 the appointment of Monish Patolawala as executive vice president and chief financial officer, effective August 1, 2024, replacing Ismael Roig, who has served as ADM's interim chief financial officer since January 2024.

Pfizer has announced that its chief scientific officer and president of research and development, Mikael Dolsten, will leave the company after more than 15 years of service. The pharmaceutical giant will launch a months-long external search process to identify a new chief scientific officer, a move that is expected to continue until early next year. Dolsten will assist in finding a job and remain in his current role until a successor is in place to complete any necessary transitions. Dolsten joined Pfizer in 2009 as President of Global R&D following Pfizer's acquisition of Wyeth. During his tenure at Pfizer, the company received approvals for more than 35 drugs and vaccines, including a coronavirus vaccine developed in partnership with Germany drugmaker BioNTech.

Sebastian James, head of United Kingdom pharmacy chain Boots, is leaving; The company's parent company, Walgreens Boots Alliance, is struggling. James will step down as managing director of Boots in November, after plans to sell the company or take its shares public have stalled. Like other pharmacies, WBA is facing declining revenue from prescription drugs, which have been the main driver of sales.

奢侈品巨头历峰集团(Richemont)表示,路易·费拉(Louis Ferla)将取代西里尔·维格内隆(Cyrille Vigneron)担任旗下卡地亚珠宝品牌的CEO。 费拉目前是瑞士手表品牌江诗丹顿(Vacheron Constantin)的首席执行官,他将取代领导卡地亚八年后即将退休的维格内隆。

United States United Parcel Service (UPS) announced on July 9 that Brian, a company inside·r, has become its chief financial officer, effective immediately. The 46-year-old has been with UPS for more than 25 years, most recently as senior vice president of global finance and planning.