CHINA. Peng Hui has resigned as Chairman of China Tourism Group Duty Free Corp (China Tourism Group/CTG) and as an Executive Director from the Board of Directors due to his retirement, effective 2 February.
Following Peng’s resignation, the CTG Board has elected the highly experienced and much-respected Li Gang as Chairman of the Board of Directors, Chairman of the Strategy Committee and a Member of the Nomination Committee.
“During his tenure, Mr. Peng Hui was diligent and responsible, faithfully performed his duties, and contributed to the scientific decision-making and standardised operation of the Board of Directors,” the Board said. “The Board of Directors would like to express its heartfelt thanks to Mr. Peng Hui for his contribution to the company’s development during his tenure.”
Li Gang, an Executive Director, became Chairman from the date of approval by the Board (2 February) and will serve until the expiry of the fourth session of the Board.
As anticipated, the Board has also approved the election of Chen Guoqiang (Charles Chen), an Executive Director, as Vice Chairman. This was effective on 2 February until the expiry of the session.
The Executive Directors are Li Gang (Chairman), Chen Guoqiang (Vice Chairman) and Wang Xuan.
As a result of these changes, the Board agreed to make the following adjustments to the members of its Strategy and Nomination Committees, effective 2 February until the end of the Board term.
Strategy committee: Li Gang (Chairman), Chen Guoqiang, WANG Xuan, Zhang Rungang.
Nomination committee: Zhang Rungang, Li Gang, Wang Xuan, Wang Bin and Ms Liu Yan. ✈