China Mobile taps Wang Jianzhou as new board chairman

China Mobile Communications Group, the state-owned parent of the world’s biggest mobile firm by subscribers, has revamped its senior level management.
 
It has promoted Wang Jianzhou to chairman of its newly-formed board of directors and appointed vice-president Li Yue as president.
 
Wang, who remains chairman and CEO of the listed company, China Mobile Ltd, has also been appointed Communist Party secretary.
 
The decisions were announced by the Communist Party organization department at a meeting of senior officials on Monday, China Mobile said in a statement
 
The party organization department makes decisions on all appointments to senior government and state enterprise posts.
 
The reorganization is part of a pilot by SASAC, the agency which administers state-owned enterprises, in creating boards of directors, the statement said. Previously, the company had been administered by the president and the party secretary.
 
Wang, 61, has been president of China Mobile since 2004, heading it up in a period in which it has become perhaps China’s most prominent state-owned enterprise both home and abroad.
 
He is at the retiring age for SOE executives and has been rumored to be in line for a senior government post. He is a member of the Chinese People’s Political Consultative Conference and the Central Discipline Inspection Committee.

 

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