| Shanghai Automotive appoints new president |
SHANGHAI, May 8 -- Shanghai Automotive Co Ltd has appointed Chen Hong as its president in a management reshuffle after buying core assets from the parent company.
The listed unit of Shanghai Automotive Industry Corp, China's largest auto maker, also named Philip Murtaugh as vice executive president, according to a statement to the Shanghai Stock Exchange Market yesterday.
Both Chen and Murtaugh were taking leadership roles in SAIC.
Other appointments included Chen Zhixin, Xiao Guopu and Wang Dazong as Shanghai Auto's new vice president, in addition to Huang Qiang as new board secretary and Gu Feng as financial manager.
It was the first personnel shake-up in Shanghai Auto after it sold additional stakes to SAIC last year as part of SAIC's back door listing plan.
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