China Shipping's Li Shaode retires

Li Shaode, chairman of China Shipping (Group), has retired with immediate effect, according to a company announcement.

China's second largest state-owned shipping firm has named Xu Lirong as Li's successor.

Li, who is 63 years old, has past the retirement age of 60 for China's state-owned firms.

Zhang Guofa will then replace Xu as the company's general manager, according to the Shanghai-listed shipping group.

Posted 19 November 2013

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Lee Hong Liang

Asia Correspondent

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