Cosco president steps down

Cosco president steps down

The president of China Cosco Holdings, the Hong Kong-listed flagship of the Cosco empire, has resigned.

Jiang Lijun stepped down as president and executive director after four years in the post, the company said, because he had reached retirement age.

Xu Zunwu will replace Jiang in the top job, starting today. Xu had been the deputy general manager of the company, as well as overseeing most of the conglomerates dry bulk businesses.

Cosco is expected to announce merger plans with China Shipping within the next month, something that will bring a further significant overhaul of senior management at both companies.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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