ChemChina names new chairman

Date: Jul 28th  2018   Copy editor: Tyrefull

China National Chemical Corp. Ltd. (ChemChina) has named Ning Gaoning to serve as its future chairman and secretary of the party committee.

Current chairman Ren Jianxin will retire from his current posts but did not provide a date for the succession plan, ChemChina said in a July 13 statement.

Jianxin founded ChemChina in 1996 by taking control of more than 100 chemical factories which were facing financial troubles at the time. Under his leadership, ChemChina made a number key acquisitions in Europe, including the $6.7 billion takeover of Italian tire maker Pirelli & C. S.p.A. in 2016.

ChemChina ranks 167th in the Fortune Global 500 listing in 2018.

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