JES appoints CEO’s mother as chairman

JES appoints CEO’s mother as chairman

Shanghai: Singapore-listed Chinese shipbuilding company JES International has announced that the board has appointed Chu Caixia as non-executive chairman of the company.

Chu is the mother of JES’s ceo Jin Yu, who took over her father, Jin Xin’s position of ceo in the company in March. Jin Xin resigned due to health issues.

JES said Chu is well connected to government officials in China and the company wishes to tap on her extensive experience in dealing with government authorities to advise the company on its relevant dealings.

Financially troubled JES’s application for a restructuring was rejected by Taizhou Intermediate People’s Court this week. It has now submitted an appeal to the Jiangsu High Court.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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