On August 6, the company held a cadre meeting, and China Baowu adjusted the positions of the leaders of Wuhan Iron and Steel Group. Image source: China Baowu Wugang Group Co., Ltd
According to the official website of China Baowu Wuhan Iron and Steel Group Co., Ltd. (hereinafter referred to as "Wuhan Iron and Steel Group"), on August 6, the company held a cadre meeting, and China Baowu adjusted the positions of the leaders of Wuhan Iron and Steel Group.
Chen Derong, secretary of the party committee and chairman of China Baowu, and Hu Wangming, general manager and deputy secretary of the party committee of China Baowu, attended the meeting. Guo Bin, deputy general manager of China Baowu and general representative of Wuhan headquarters, presided over the cadre meeting.
Entrusted by the China Baowu Party Committee, Comrade Wang Zhen of the Organization Department and Human Resources Department of the Party Committee of China Baowu announced the decision on the adjustment of the positions of the leading personnel of the Wuhan Iron and Steel Group: Guo Bin will no longer concurrently serve as the secretary of the party committee and chairman of the board of directors of the Wuhan Iron and Steel Group Co., Ltd.; Zhou Zhongming will be hired and appointed as the chairman of the board of directors and the secretary of the party committee of the Wuhan Iron and Steel Group Co., Ltd., and will no longer serve as the general manager and deputy secretary of the party committee of the Wuhan Iron and Steel Group Co., Ltd.; and Fu Xinyu will be recommended and appointed as the general manager and deputy secretary of the party committee of the Wuhan Iron and Steel Group Co., Ltd.
Chen Derong pointed out that the readjustment of the leadership of WISCO Fully reflects the great importance and full affirmation of China Baowu to the reform and development of WISCO Group. He spoke highly of and fully affirmed the fruitful work of Comrade Guo Bin in the three years of WISCO Group, and the achievements were obvious to all. He said: Comrade Zhou Zhongming's transfer to chairman of the board of directors and secretary of the party committee is a full affirmation of Comrade Zhou Zhongming's work. Comrade Fu Xinyu is a leading cadre with rich work experience in the new urban industry of China Baowu, and this time he was sent to wisteel group as the main leader of the transformed WISCO group, which shows the importance that China Baowu attaches to the WISCO Group.
The predecessor of WISCO Group is the first super large steel joint venture built after the founding of New China, Wuhan Iron and Steel Company, located in the eastern suburbs of Wuhan City, Hubei Province, on the south bank of the Yangtze River. In September 2016, Baosteel Group and Wuhan Iron and Steel Group implemented a joint restructuring, Baosteel Group changed its name to China Baowu Iron and Steel Group Co., Ltd., as the parent company after the reorganization, WISCO Group as a whole was included free of charge and became its wholly-owned subsidiary. On November 15, 2017, WISCO Group completed its industrial and commercial registration and was restructured from an enterprise owned by the whole people into a limited liability company.
According to the official website of Wuhan Iron and Steel Group, the group achieved an operating income of 38.7 billion yuan and an operating profit of 3.9 billion yuan in 2018. In 2018, WISCO Group reorganized the main business composition and proposed: In the next three years, WISCO Group will focus on new urban industries, with "from factories to parks to urban areas, from resources to assets to capital" as the main line of development, accelerate the development of real estate projects, and accelerate the capacity building of the new urban industrial system.