Hand joins LaSalle
David Hand has been promoted as investment head for China in Jones Lang LaSalle after seven years as managing director of Jones Lang LaSalle Beijing and head of the China Retail Business. Hand said he expects to leverage the strong relations he and the Pan-China Investments teams have had with local and international developers and investors to facilitate transactions between these groups in China.
Sang is Lafarge CEO
French cement and building materials manufacturer Lafarge SA has appointed Sang Kang as chief executive officer in place of Cyrille Ragoucy, who was previously in charge of its business expansion in China. Ragoucy is returning to the company's French headquarters where he will take up a new position. Sang jointed Lafarge in 2003 after working for several years with Boston Consulting Group as partner and board director.
Ford new Starwood VP
Starwood Asia Pacific Hotels and Resorts has appointed Stephen Ford as vice-president and area managing director for South China, and general manager of Sheraton Sanya Resort. Ford has more than 40 years of management and work experience in the hospitality industry. Prior to this he was Starwood's regional vice-president for India, Bangladesh, and Nepal. Ford joined Starwood in 2001 as general manager of the Westin Bund Center, Shanghai.
WuXi CFO steps down
WuXi PharmaTech has said Benson Tsang, chief financial officer, is leaving the company for personal reasons at the end of this month. Edward Hu, chief operating officer, will act as acting CFO until a replacement is found. Tsang joined WuXi PharmaTech in 2006 as CFO.
The company's board has formed a search committee to recruit a new CFO. Tsang has agreed to provide transition services and to assist in recruiting his successor.
Unicom appoints Lu
China Unicom has appointed Lu Yimin as president, while Chang Xiaobing will continue to act as chairman and CEO, effective Feb 13. Zuo Xunsheng, Li Jianguo, Pei Aihua, Zhao Jidong, Li Fushen, Li Gang, Zhang Jun'an and Jiang Zhengxin were appointed senior vice-presidents of the company. Lu Yimin and Zuo Xunsheng remain as company executive directors.
The appointment signals the closing of the Unicom-Netcom merger.
McQuillan named GM
British Airways has appointed Kevin McQuillan as its regional general manager for the Far East with effect from March 2. Based in Hong Kong, McQuillan will be responsible for the airline's commercial interests on the mainland, Hong Kong, Taiwan, Japan, South Korea, and Philippines.
HONG KONG, Aug 26 (Reuters) - Goldman Sachs' senior China economist, Hong Liang, has resigned amid reports saying she plans to join a mainland Chinese competitor.
A source at the investment bank (GS.N: Quote, Profile, Research, Stock Buzz) said on Tuesday that Liang had a disagreement with the bank's management and wants to move into capital markets. Liang could not be reached for comment. A Goldman Sachs spokesman said Liang, a Hong Kong-based executive director of Asia economic research at the bank, resigned last week.
According to the South China Morning Post newspaper, she is likely to join Beijing-based investment bank China International Capital Corp (CICC), which is partly owned by Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz). CICC could not be reached for comment.
The Goldman Sachs spokesman denied a report in the South China Morning Post that professor Song Guoqing, a senior economist at Peking University, had also resigned as an adviser at Goldman's China joint venture, Gaohua Securities. (Reporting by Alan Wheatley and Susan Fenton, Editing by Ken Wills)
NEW YORK, Apr. 21, 2008 (Thomson Financial delivered by Newstex) -- Linktone (NASDAQ:LTON) Ltd. Monday named Anthony Chia chief operating officer and Jimmy Lai chief financial officer.
The Shanghai, China-based company also named Muliawan Guptha to its board while announcing the resignation of five other directors - Colin Sung, Elaine La Roche, Allan Kwan, Agus Mulyanto and Sutanto Hartono. Each left because of 'personal reasons and other professional commitments,' Linktone said.
Chia most recently served as senior advisor to PT Media Nusantara Citra Tbk (OOTC:PTMEF) , which is Linktone's controlling shareholder.
Lai most recently worked as chief financial officer of Palm Commerce Holdings.
Shares of the provider of wireless interactive entertainment services rose 3% to $2.38 in late trades.
HONG KONG, April 2 (Reuters) - Baidu.com Inc (BIDU.O: Quote, Profile, Research) has poached Apple Inc's (AAPL.O: Quote, Profile, Research) former China head for the role of chief operating officer, the latest high-level executive shuffle at China's largest search engine firm.
Peng Ye, who oversaw all business operations in China for Apple as the U.S. firm's country general manager, joins Baidu on the heels of the appointment of ex-General Motors (GM.N: Quote, Profile, Research) executive Jennifer Li to the post of chief financial officer. [ID:nSHA340039]
Ye's posting takes effect April 25.
Baidu maintains an edge over Google Inc (GOOG.O: Quote, Profile, Research) as the most popular search engine in the world's No. 2 Internet arena. China had 210 million Internet users at the end of 2007, second only to the United States, and that Web population is set to become the world's largest in 2008.
NEW YORK - Chinese Internet portal operator Sina Corp. said Monday that its board chairman, Yongji Duan, departed from the board, effective immediately.
Duan is no longer a director and is also no longer on the company's compensation committee.
The company did not disclose a reason for Duan's departure.
Sina said it named the Yan Wang, who had been the vice chairman of its board, as acting chairman, effective immediately.
Sina shares fell 49 cents to $35.03 in afternoon trading.
SHANGHAI, March 21 (Reuters) - Top Chinese Web search firm Baidu.com Inc (BIDU.O: Quote, Profile, Research) said on Friday it had appointed Jennifer Li as chief financial officer. Li previously worked for General Motors China (GM.N: Quote, Profile, Research), Baidu said in a statement.
Shawn Wang, Baidu's previous chief financial officer, died in an accident late last year.
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