Wei Jiafu Steps Down as Cosco Chairman, CEO

Cosco Group reported that Wei Jiafu has relinquished all his positions, including Chairman and CEO, in the China-based shipping company, with immediate effect, citing age as the reason, according to the firm's filing to the Shanghai Stock Exchange.

Cosco recently announced the appointments of new leadership for the company although there was no mention on when the appointments will take effect.

"Ma Zehua is appointed as the Chairman of the Board of Cosco Group. Li Yunpeng is appointed as the Director of the Board and the President of Cosco Group. Captain Wei Jiafu is retired and no longer holds any position in Cosco Group," the company said in a July 1 press release.

Wei, 63, has been Chairman of Cosco since 1998.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)
 -  Statoil Makes North Sea Oil, Gas Disco... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Sr Recruiter Mozambique Project Lead
Expertise: HR - General
Location: The Woodlands, TX
 
HR Total Rewards Intern Job
Expertise: HR - General|Student / Recent Grad
Location: Minneapolis, MN
 
Senior Compensation Specialist - Houston
Expertise: Financial Analyst|HR - General
Location: Houston
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours