The biggest change saw the resignation of Ms. Sun Yiping, which was said to be due to “personal career development.”
The changes mean the company is reducing the size of its board from the current 13 directors, which it says will enable it to operate more efficiently in its decision-making processes.
Lu takes the helm
Sun is being replaced by Jeffrey, Minfang Lu, 47, the chairman and a non-executive director of Yashili International Holdings Ltd. He was the chief executive officer and executive director of Yashili before his appointment as chairman of the board of directors of Yashili.
Lu is also an authorized representative of Yashili as well as a director of Yashili International Ltd., Yashili International Group Limited, Newou International Co., Limited and Scient International Group Limited.
Lu has been the vice president (Greater China) of Danone Early Life Nutrition Greater China and has been with the Danone Group and Dumex Baby Food Co. Ltd. for more than 10 years.
Prior to joining the Danone Group, Lu spent nine years with Johnson & Johnson (China) Company Limited and approximately four years with General Electric Company (China).
Wu picks up new roles
Ms. Wu Wenting, 52, was also named executive director and member of the remuneration committee.
Wu was formerly an executive director, the executive deputy general manager and the chief financial officer of China Foods Limited, a company listed in Hong Kong.
She joined COFCO Group in 1992 and held various positions there, including the deputy general manager of the Finance Department of China Liang Feng Grains Import & Export Company and the general manager of the finance department of COFCO Oils & Grains Co., Ltd.
At a glance:
Ms. Sun Yiping - executive director and chief executive officer and member of the strategy and development committee
Mr. Yu Xubo - non-executive director and member of the remuneration committee and the strategy and development committee
Ms. Liu Ding - non-executive director and vice-chairwoman of the board
Dr. Liao Jianwen - independent non-executive director of and member of the remuneration committee and the strategy and development committee.
Mr. Jiao Shuge - member of the audit committee and the nomination committee and chairman of the strategy and development committee
Mr. Zhang Xiaoya - member of the nomination committee and the remuneration committee
Mr. Jeffrey, Minfang Lu - executive director and chief executive officer and member of the strategy and development committee
Ms. Wu Wenting - executive director and member of the remuneration committee
Mr. Jiao Shuge - member of the remuneration committee
Mr. Tim Ørting Jørgensen – member of nomination committee
Mr. Filip Kegels – member of nomination committee
Mr. Ma Jianping - chairman of the strategy and development committee
Mr. Niu Gensheng - member of the strategy and development committee