Chinese authorities have named a new chairman for Dongfeng Motor Corp., the country’s second biggest carmaker by sales, in the latest management shuffle at state-owned firms.
Zhu Yanfeng, vice secretary of the Communist Party in the northeastern Jilin province, has been appointed to the top post at Dongfeng, the Wall Street Journal reported Wednesday.
Zhu, 54, had served as chairman of FAW Group Corp., a Jilin-headquartered automaker, between 1999 and 2007.
Outgoing Dongfeng chairman Xu Ping will be assigned another job by the party, Dongfeng was quoted as saying in a statement, without elaborating.
Dongfeng, FAW and some of their joint ventures with foreign partners have come under scrutiny in recent years.
In December Dongfeng removed a senior executive after a disciplinary agency placed him under investigation for suspected corruption, the report noted.
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