Chinese aluminium titan China Hongqiao Group Limited selected Zhang Bo to take the company’s reigns last week, filling the position his father held until his passing the week prior.
The younger Zhang’s appointment took effect on Friday, the same day he was named to the post. The 49-year-old executive served as the firm’s Chief Executive Officer previously, having been named to the spot in early 2011. He has also served as the General Manager and board chairman for Weiqiao Aluminum & Power, a position he took on in late 2006.
Zhang Bo assumes the chairmanship vacated by his father Zhang Shiping, who held the post until his death on May 23 at the age of 73. His widow and Zhang Bo’s mother Zheng Shuliang will carry on as the firm’s vice chairman.
In addition to taking the helm at Hongqiao, Zhang will continue as chairman of aluminium associations in both the city of Binzhou and the Shandong province.
Zhang joined Weiqiao Textile Co. Ltd. in 1999, serving as Executive Director from 1999 through 2006. His tenure at the post witnessed the company rise from a non-ferrous metals neophyte to the premier aluminium producer on the planet. Per the firm, his role during that time included overseeing Hongqiao’s overall operation and identifying business strategies.
Zhang is an alumnus of Shandong Broadcast and Television University, where he majored in Financial Accounting. He was awarded a Bachelors degree in Economics from SBTU in 1996 and also holds a Masters degree in Software Engineering from Wuhan University, which he earned in 2005.
Hongqiao’s latest filing shows that Zhang holds 0.1% of Hongqiao’s issued share capital. Previous filings indicate his total annual compensation prior to his recent appointment was CNY2.5 million (US$369,800).