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Xu Ping requests FAW executives quit affiliated enterprises

BEIJING – Xu Ping, chairman of FAW Group, requested all group executives and senior managers to quit positions in affiliated enterprises by June 30, reported finance.qq.com citing an article by the Party Discipline Committee of China on May 27.

Group executives and senior managers are requested to report if they are holding FAW shares or operating FAW 4S stores, or being suppliers, advertisers, contractors, logistics transport providers and service providers to the FAW Group. Those taking part in the above businesses should quit affiliated enterprises before June 30, or make relevant enterprises quit the above businesses.

The Group had received reports from all top managements and senior executives by May 22, said the article without disclosing details of these reports or noting whether the above executives and managers will receive any punishment after they quit their positions by June 30.

Several senior executives of FAW including former chairman Xu Jianyi have been taken away or sentenced to prison for violating Party rules.

Zhu Yanfeng, former deputy Party secretary of Jilin Province and former president of FAW Group, was appointed chairman and Party secretary of Dongfeng Motor Corp. on May 6. Zhu investigated 18 units and three plants of Dongfeng in three days upon appointment and made extensive adjustment to medium- and high-level executives.

Dongfeng was not spared from the country’s anti-corruption storm as well. Ren Yong, vice president of Dongfeng Motor Co., Ltd. was alleged to have committed serious violations of laws and disciplines and was investigated by certain departments on December 19, 2014.

 

 

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