On the move
Luo Guanhong named as Ford China’s new CEO
Ford’s China arm has named Luo Guanhong as its new CEO late last month. The company said it hoped Luo would help expand the market in China for its electric cars and localize its luxury brand Lincoln. Before joining Ford, Luo was the president and CEO of Key Safety System, an automobile ancillaries firm, for 10 years, helping in its global expansion and significant growth in China. That success marked him out as an ideal candidate for the Ford China post, the company said. Its sales in China in the first half of this year dropped 7 percent year-onyear. PBOC chief economist Ma retires, to join Tsinghua
Ma Jun, chief economist of the People’s Bank of China, the country’s central bank, stepped down in August. He will later join the PBC School of Finance, which is part of Tsinghua University. The PBOC is yet to select Ma’s successor. Ma’s stint was marked by lucid and layman-friendly interpretations of the central bank’s policies, including financial regulations and opening up of the debt market, which helped promote clear communication between the PBOC and the markets. Before joining the bank in 2014, Ma had worked at Deutsche Bank for 13 years. Gree Electric elevates Huang Hui, VP, to CEO
Gree Electric Appliances has promoted Huang Hui, its vice-president for administration and chief engineer, to CEO late last month. Huang was appointed vice-president in 2000, and made in charge of research, a role he held for more than 10 years. He also went on to lead Gree’s electromechanical equipment branch and its research center for energy-efficient refrigerators. Tan Jianmin, manager of Gree’s nationallevel laboratory, replaced Huang as chief engineer. Volvo China appoints new vice-president
Volvo China Sales Co appointed Che Yanhua as vice-president last month. Che was earlier deputy general manager of branding with Dongfeng Citroen, a Sino-French automobile joint venture. She has rich marketing and sales experience at executive level in different automobile firms, including Infiniti and Jaguar China. In the JanuaryJuly period, Volvo China’s sales reached 61,200 units, up 30.5 percent year-on-year. During the same period, Dongfeng Citroen sold about 52,000 cars, down 60 percent year-on-year. Troubled LeEco lets go of its president, VP
LeEco Finance, a cashstrapped tech company under LeEco, has let go of its president, Yang Xinjun, and vice-president, Ding Xiaoqiang, in August. Yang had been in the post for just around 100 days before being fired. He is now expected to lead the online banking business of the company, including consumer finance, privateowned banks, and credit services. LeEco online bank’s CEO Wang Yongli resigned last month.