In The New Century, &Nbsp Has Been The Main Force In Chongqing.

In September 10th, the Chongqing department store announced a series of high-level appointments and dismissals: Chairman Xiao Shixin, general manager Ren Shu Quan, deputy general manager Liu Xuwen, Yi Xin, chief financial officer, and Dong mi Hu Qinghua, 5 executives were dismissed from office.

He Qian, Xu Xiaoyong, supervisor Liu Yali and Xu Lu, who left the company in August, have changed 9 companies in Chongqing in a month.

A central brokerage analyst who went to Chongqing department store told reporters: "since the assets of new century department stores have been injected, the leading group of the listed companies has always been the focus of the industry.

Since the change of top management involves the interests of all parties, it is very difficult.

In the list of appointments, except for the position of general manager, the other senior positions in Chongqing department store were replaced by the new century department.

Chongqing department store announced that the new board of directors appointed Liu Weili as chairman of the board.

Reporters learned that Liu Weili, formerly chairman of the new century department store, was appointed by the Chongqing SASAC as the party secretary and chairman of the Chongqing business group in March this year. The largest shareholder of Chongqing department store is the Chongqing business group. Chongqing trading company owns 45.44% of Chongqing department store shares.

Liu Weili, who joined the new century department member of Chongqing department store's top management department, also includes the new century department store veteran Li Yong, Li Yong yuan as deputy general manager of the new century department store. After Liu Weili was promoted to the chairman of Chongqing business, Li was righting the new century department store general manager and general manager. Li Yong is appointed Deputy General Manager of Chongqing department store.

In addition, Yin Xiangdong, Chen Lei and chief financial officer Zhou Yongcai, who were recruited as the new deputy general manager of Chongqing department store, had previously held the same senior positions in the new century department store and Chongqing trading company.

The original executive Xiao Shixin of Chongqing department store was the only one who remained.

Xiao Shixin's new position is general manager of Chongqing department store.

According to this arrangement, analysts believe that Xiao Shi Xin should belong to the "official drop".

"The retention of Xiao Shi Xin should be a balance between the old and the new century after the game. At present, a large part of the new management team of Chongqing department stores reflects the wishes of the Chongqing SASAC."

The central brokerage analyst told us this reporter.

In this regard, the explanation of Chongqing department store is "simple personnel changes".

However, the industry is more optimistic about the new century.

Haitong Securities analyst told reporters: "the new century led the management department of Chongqing department store is a good news, because the new century's market operation capability and management mechanism is obviously better than the old hundred hundred management team."

"Old and heavy enterprises are state-owned mechanisms, which are worse in terms of management capability and cost control.

In the new century, department stores were introduced very early.

Old high management dissatisfaction resettlement

For the subsequent placement of 9 senior executives appointed by Chongqing department store, our reporter learned from the insiders of Chongqing department store that, apart from the retired general manager Ren Shuquan and supervisor Xu of Chongqing department store, many of the former executives were dissatisfied with the new position of the listed company, so they resigned from their management positions in the listed company.

According to the personage, Chongqing department store, as a listed company, consists of three major formats: department stores, supermarkets and household appliances.

The resigned executives only quit their management positions in the listed companies, but they still serve as the management posts.

The unnamed insider said that because they were all tenured contract workers in Chongqing department stores, they were not actually divorced from the staffing of Chongqing department stores.

This time, the leader who has been removed from the position of a listed company has been a senior executive for many years. Besides being very familiar with the business, he has a great deal of customer relations and connections.

Later, if they are satisfied with the new position they are arranging, they may stay and continue to do things.

It is not difficult for them to find another job if they are not satisfied.

Hu Qinghua, former director general of Chongqing department store and chief financial officer, confirmed this statement when interviewed by our reporter.

Hu Qinghua said that although he is no longer a manager, he still works at the company every day.

And for the future, Hu said that it is not easy to say that he is still waiting for the company's arrangement.

Yi Xin, the 39 year old deputy general manager of Chongqing department store, is the youngest of the departing executives.

Yi Xin does not want to disclose any news on his resignation. He told reporters that according to the usual practice, all the questions were answered by Liu Xuwen, a spokesman for Chongqing department store, but ironically, Liu Xuwen was also one of the departed executives. He served as deputy manager of Chongqing branch, branch manager, Secretary of the Yongchuan branch, assistant general manager and deputy general manager of Chongqing general merchandise department.

Xiao Shixin, the former chairman of Chongqing department store, is 57 years old and has been reduced to the position of general manager in personnel changes. It is reported that Shaw is close to retirement age and has been retained.

"Old leaders have been cut right, and now they are depressed."

A senior official who worked in Chongqing department store for more than 20 years told reporters that "two years ago, executives predicted that the future business group would be the new century."

However, the source said he was more concerned about how the new leadership team would lead the company to a new level.

"In the past century, the middle income of the branch with the best profit is less than 100 thousand yuan, while the annual income of a county branch in the new century is two or three times the figure. The gap is too great."

Integration is just beginning.

"The adjustment of the top management team is only the first step in the integration, which will continue to be a comprehensive integration of the old and the new century at the substantive level."

The central brokerage analyst told reporters.

Statistics show that in 2005, the largest shareholder of Huamao state owned Assets Management Co., Ltd. and the two shareholder of the Chongqing commercial group were reorganized under the leadership of the Chongqing municipal government.

The 100 million shares held by Huamao company were pferred to Chongqing commercial company, which has increased the number of hundred shares to 35.96%, becoming the largest shareholder.

Since then, Chongqing department store has completed a major asset reorganization in December 2010, and Chongqing trading company has further increased its holdings of Chongqing department stores, and the company has also injected new century department stores into listed companies.

Before that, the competition between Chongqing department store and new century department store was very fierce in the retail market of Chongqing department store.

"Now the first thing to solve is the problem of competition in the same industry. After that, the new century will never enter again, and the new century will enter the region.

However, the above analysts said, "there are still some problems left behind, such as the Monument for Liberation business circle, both sides have mutual layout, fierce competition, and they may re plan and adjust their strategic positioning in the future.

It will take about 2 years to estimate the synergy between the old and the hundred.

Executive adjustment is only the first step in the long march. The following practical integration will include procurement, backstage management, information system, location selection, investment promotion, store operation, promotion, logistics distribution, finance and so on.

"As far as I know, the Chongqing department store may also carry out an internal management equity incentive plan.

They introduced the new strategy of the strategic investors in the new horizon lake, which is a requirement. But because it is state owned holding, it has to be related to some government approval issues, so the process may be relatively long, but the company's internal desire is still relatively strong.

The source said.

Haitong Securities analyst told reporters that after the merger with the new century, the sales volume exceeded 20 billion yuan, which enhanced the ability of regional monopoly bargaining. The gross profit margin of the new company will be improved in the future.