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China Automotive Promotes Wu to CEO
China Automotive Systems Promotes Co-Founder and COO Wu to CEO; Promotes Li to CFO
September 25, 2007: 11:55 AM EST
NEW YORK (Associated Press) - China Automotive Systems Inc., a supplier of power steering components and systems, said Tuesday it promoted co-founder and Chief Operating Officer Qizhou Wu to chief executive.
Wu, 42, succeeds Hanlin Chen, who will continue to serve as chairman.
The company also promoted Jie Li from corporate secretary to chief financial officer. Li, 38, takes over as CFO from Daming Hu, who is now chief accounting officer.
Both positions are effective immediately.
Shares of China Automotive Systems gained 35 cents, or 4.3 percent, to $8.50 in midday trading. The stock has traded in a range of $5.72 to $13.39 over the past 52 weeks.
dacare This entry was posted on October 20th, 2007 at 05:50:31 pm by dacare and is filed under Leaders on the Move.