Evergreen Group terminates chairman role as succession war intensifies

Evergreen Group terminates chairman role as succession war intensifies

Evergreen Group has announced in an internal notice that the board has approved to terminate the top management division of the group, along with the chairman role. Senior executives will be appointed to each subsidiary of the group.

The decision comes after the late Evergreen Group chairman Chang Yung-fa’s youngest son Chang Kuo-wei declared he was taking over as chairman of the group last week.

The reshuffling of the company structure is believed to be a response from the three other sons of Chang Yung-fa, from his first wife, using their voting power on the Evergreen board.

Bronson Hsieh, vice president of Evergreen, has been transferred to Evergreen International and his position has been changed to a consultancy role while another vice president of the group, Lin Jung-hua, has resigned.

Hsieh and Lin were reportedly among four Evergreen executives who were expected to assist Chang Kuo-wei in taking over the group based on the late tycoon’s will.

When contacted by Splash today, Evergreen Group declined to comment on the matter.

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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