Sinopec Chairman Fu Chengyu Retires



Reuters

BEIJING, May 4 (Reuters) – Fu Chengyu, the chairman of China Petroleum and Chemical Corporation, or Sinopec Group, has retired, the Chinese state-owned enterprise said on Monday.

Fu, the industry's most recognised executive, will be succeeded by Wang Yupu, a former deputy director of China Academy of Engineering and an oil industry veteran, with prior experience of working at the country's flagship Daqing oilfield.

Sinopec Group is the parent of Sinopec Corp, Asia's largest oil refiner.

Fu became Sinopec chairman in April 2011 after more than 30 years with China National Offshore Oil Company, the country's third-largest oil and gas firm.

(Reporting by Chen Aizhu; Editing by Biju Dwarakanath)



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