25 Jul 2018
Beijing – China National Chemical Corporation Ltd. (ChemChina) has named Ning Gaoning to serve as its future chairman and secretary of the party committee.
In a 13 July statement, ChemChina said the current chairman Ren Jianxin shall retire from his current posts but did not provide a date for the succession plan.
Jianxin founded ChemChina in 1996 by taking control of over 100 chemical factories which were facing financial troubles at the time. Under his reign, ChemChina made a number key acquisitions in Europe, including the €7.1-billion takeover of Italian tire maker Pirelli & C. SpA in 2016.
ChemChina ranks 167th in the Fortune Global 500 listing in 2018.
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