Cosco Shipping Ports (CSP), the biggest terminal operator in the world, has appointed Feng Boming as its new chairman, replacing Zhang Wei who has quit the position.
Feng Boming, a non-executive Director of the Company, has been re-designated as an Executive Director of the company and appointed as the Chairman of the Board.
Zhang Wei confirmed that he had no disagreement with the Board and there was no matter relating to his resignation that would need to be brought to the attention of the shareholders of the company.
Cosco Shipping Ports Board would like to thank for his outstanding contributions to the Company during his tenure of office and welcome Feng Boming for his position as the Chairman of the company.
Feng, has been working as a non-executive Director of the Company since October 2016.He also served as Manager of the Commercial Section of the Ministry of Trade Protection of Cosco.
Meanwhile, Zhang Dayu has been appointed as an Executive Director, the Managing Director, a member of the Executive Committee and the Chairman of the Risk Management Committee of the company.