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Gong Yueqiong appointed board director and president of Foton Motor

BEIJING – Beiqi-Foton Motor Co., Ltd. (Foton Motor) announced in a statement on November 3 that Gong Yueqiong, former deputy Party secretary, vice president, CFO and CEO of Commercial Vehicle Group at Foton Motor, has been appointed the new board director and president of the company.

Gong succeeds Wang Jinyu, who has been at the helm for over 20 years but resigned due to an illness.

Gong was born in 1976 and has worked in Foton Motor since 2004. He has more than 10 years of experience in industry and management, and served as president of Financial Services Division, CFO and vice president of Foton Motor during 2004 to 2016.

Gong established a sound financial management system at Foton Motor through deep studying the financial management system of domestic and foreign automakers and widely solicited opinions of financial experts, which laid a solid foundation for the future development of the company.

Xu Heyi, current chairman of BAIC Group, parent company of Foton Motor, also resigned as chairman of Foton Motor due to work needs at BAIC Group. Zhang Xiyong, president of BAIC Group, has been elected as the new chairman of Foton Motor succeeding Xu.

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