This position has been held by Li Shufu, chairman of Geely Holding Group. At the same time, An Conghui's position as President of Geely Holding and President and CEO of Geely Automobile has not changed.
Maybe someone will ask, after this adjustment, who has more power, Li Donghui or An Conghui?
From the perspective of enterprise management, there is no clear ownership relationship between CEO and president. Therefore, Li Donghui's promotion is considered as Li Shufu sharing power with Li Donghui, intending to upgrade the financial investment business to a higher level.
It is reported that this appointment was announced within Geely Group on127. Li Donghui, the former chief financial officer of the Group, is regarded as an important trader of Geely's overseas investment and mergers and acquisitions in recent years.
It is understood that Li Donghui served as vice president and CFO of Geely Company in April, 201/and served as executive director of Geely Company from May, 201to March, 20 14.
Prior to this, Li Donghui served as general manager of BMW Brilliance Project Office and director of Jinbei Automobile Co., Ltd., director of Jinbei General Motors Co., Ltd., director, senior vice president and chief financial officer of BMW Brilliance Automobile Co., Ltd., general manager and executive director of Cummins Generator Division in China, and vice president and chief financial officer of Guangxi Liugong Machinery Co., Ltd.
Unlike Li Donghui, An Conghui is more like a directional Wei Peisheng. He is Li Shufu.
An Conghui 1996 graduated from Hubei Institute of Economics and Management. In February of the same year, he joined the Audit Bureau of Geely Group as an auditor. In July of the same year, he was transferred to the Deputy Commander of the Infrastructure Engineering Department of Geely Group, and later served as Deputy Commander and Chairman.
In May 2000, An Conghui was transferred to Ningbo Meiri Automobile Co., Ltd. as the general manager. In February 2003, he served as director and president of Zhejiang Geely Holding Group Co., Ltd., general manager of Zhejiang Geely Automobile Co., Ltd., president of Zhejiang Geely Holding Group on February 30, 201,and president and CEO of Zhejiang Geely Automobile Group.
Unlike Li Shufu, who is known as an "automobile madman", An Conghui has always shown himself as a rational professional manager, and his complementary personality is one of the reasons why he stands out among many "peer executives" of Li Shufu.
As the president of Geely Holding Group and CEO and President of Geely Automobile Group, An Conghui has now become the second person of Geely.
Throughout the automobile market, every time there is a major personnel adjustment in automobile enterprises, there will be major events. Is it difficult for Li Shufu to launch a new grand strategy in this round of personnel adjustment?
At present, Geely Automobile has also become the leading brand in independent automobile enterprises. According to the latest data, the sales volume of Geely 5438+00 in June exceeded 654.38+04 million, reaching 654.38+040,026, an increase of about 654.38+065.438+0% from the previous month and about 8% from the same period last year.
By the end of 2020 10, Geely Automobile's global cumulative sales exceeded100000, becoming the first self-owned brand automobile enterprise in China to realize the production and sales of passenger cars100000.
However, due to various factors since 20 19, Geely's ability to make money has fallen sharply. In 20 19, Geely's performance dropped by 34.67%. In the first three quarters of this year, Geely Holding achieved a net profit of 3.087 billion yuan, down nearly 50% year-on-year.
165438+1On October 27th, Standard & Poor's confirmed that Zhejiang Geely Holding Group Co., Ltd. and Geely Automobile (00 175. The long-term issuer credit rating and senior unsecured bill issuance rating of HK) are "BBB-", and all ratings are removed from the watch list, and the rating outlook is still "negative".
Standard & Poor's believes that Geely Holding will continue to face leverage pressure in the next 12-24 months due to high capital expenditure, potential economic fluctuations and uncertain IPO time of its subsidiary Geely Automobile.
At present, Geely Holding has 9 bonds with the scale of 1704 1 100 million yuan, of which more than 4 billion bonds will expire within one year, and most bonds will be paid in 2022.
Geely Holding still has five overseas debts with a scale of 65.438+0.75 billion US dollars. 2026.5438+0 will face the pressure of overseas bonds with a total amount of 650 million US dollars due.
Say a few more words
Li Shufu is controversial in employing people. 10 years ago, he went to the family and made Li Shufu bear the stigma of ingratitude. Now that a series of glasses of wine have released the soldiers, I am afraid that the charge of treachery will be pushed to a group of important officials. But judging from the results, Li Shufu's unkindness in employing people may not be a bad thing for Geely's long-term development.
The adjustment of senior management of Geely Group may indicate that Geely will start to vigorously promote new business planning and operation, and Li Donghui from finance and mergers and acquisitions may have greater authority.
Li Donghui, who is good at financial investment, is expected to build financial investment into another core business segment of Geely Holding after gaining more power.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.