State-owned China South Industries, FAW switch leaders
China South Industries Group Corp. and China FAW Group Corp. have swapped top leaders as Beijing, moving to curb corruption, continues to reshuffle the top executives at major state-owned automakers.
Xu Liuping, South Industries’ president, has been appointed chairman of FAW. And Xu Ping, FAW’s chairman, has been made South Industries’ chairman, FAW said in a statement Wednesday.
Xu Liuping, 53, was also chairman of China Changan Automobile Group Co., a subsidiary of South Industries. Changan Group owns a majority stake in Chongqing Changan Automobile Co., China’s largest light-vehicle maker.
Xu Ping, 60, only served as FAW’s chairman for two years. Prior to 2015, he was chairman of Dongfeng Motor Co., another major state-owned auto manufacturer.
In 2015, he was dispatched to lead FAW after FAW’s chairman Xu Jianyi was investigated for corruption by the central Chinese government. Xu Jianyi was sentenced to 11 and a half years in prison earlier this year for taking bribes.
In 2015, Beijing appointed Zhu Yanfeng, then vice secretary of the Chinese Communist Party in northeast China’s Jilin province, to chairman of Dongfeng, after Dongfeng’s president Zhu Fushou was demoted for corruption. Zhu served as FAW’s chairman from 2000 to 2008.
In the past several years, more than 10 other senior managers at FAW and Donfeng have been sentenced to prison terms for corruption.
Xu Liuping, South Industries’ president, has been appointed chairman of FAW. And Xu Ping, FAW’s chairman, has been made South Industries’ chairman, FAW said in a statement Wednesday.
Xu Liuping, 53, was also chairman of China Changan Automobile Group Co., a subsidiary of South Industries. Changan Group owns a majority stake in Chongqing Changan Automobile Co., China’s largest light-vehicle maker.
Xu Ping, 60, only served as FAW’s chairman for two years. Prior to 2015, he was chairman of Dongfeng Motor Co., another major state-owned auto manufacturer.
In 2015, he was dispatched to lead FAW after FAW’s chairman Xu Jianyi was investigated for corruption by the central Chinese government. Xu Jianyi was sentenced to 11 and a half years in prison earlier this year for taking bribes.
In 2015, Beijing appointed Zhu Yanfeng, then vice secretary of the Chinese Communist Party in northeast China’s Jilin province, to chairman of Dongfeng, after Dongfeng’s president Zhu Fushou was demoted for corruption. Zhu served as FAW’s chairman from 2000 to 2008.
In the past several years, more than 10 other senior managers at FAW and Donfeng have been sentenced to prison terms for corruption.
