Hundreds Of Directors Change Blood From Business Opponents To "Self"

It is reported that 2 of the 7 non independent directors of the 100 new board of directors are from Yonghui, namely Yonghui supermarket vice president Li Guohe Yonghui supermarket manager Zhang Jingyi, and 1 from Xinguang, Xinguang jewelry Dongfang Zhou Yisheng.

The remaining 4 non independent directors are directors of Wuhan state owned company, Liu Cong, the current chairman of China 100 group, Wang Jianguo, deputy general manager of Wuhan state owned assets company, Wang Chun, vice chairman Wang Chun of the former business group, and Liu Wenlan, the employee director of the staff election.

In addition to the new Liu Cong, the last non independent directors almost completely changed the blood, and the 7 went to six.

According to media reports, the new board of directors is complex, and local shareholders are close to foreign shareholders.

Previously, Xinguang holdings and Yonghui supermarket have repeatedly raised the number of group Zhong Zhong Group, triggering equity disputes, and fought with the major shareholder Wu Shang Lian for 3 years.

Ever since the "placards", Yonghui and Xinguang have expressed the demands of the directors who have been stationed in the company.

Liu Cong, chairman of Zhong Bai group, is not worried about "entering the wolf into the house".

He said that according to the articles of association, a shareholder with a shareholding ratio of 3% to 10% could nominate a director to the board.

Judging from the composition of the new board of directors, the hundred and state assets are being liberalized in terms of management concepts. This is a benign market signal.

Over the past year, frequent high-level personnel changes have left suspense for the future of "supermarket king".

Last May, Wang Aiqun, the former chairman of the China 100 group for 18 years, was discharged from office, and the successor was Liu Cong, the former general manager of the Wu Shang Group.

In December, Zhang Jinsong, director of the company and general manager, resigned.

At the 31 shareholders' meeting, Wang Chun, former chairman of Yintai department and vice chairman of the former Wu Shang Group, served as deputy managing director of China 100 group.

Wang Chun's appearance attracted many investors from the scene: is there any relationship between the arrangement of the board and the reorganization of the three major commercial listed companies in Wuhan?

In this regard, attended the general meeting of shareholders.

State owned company representatives revealed that the nomination of the board was not related to the reorganization layout.

At present, Wang Chun has left Yintai and is currently a professional manager. The board of directors is nominated by Wuhan state owned company.

It is worth noting that, as a new commander in the hundred,

Wang Chunjie has a double professional background of department stores and supermarkets.

Liu Cong served as the general manager of Wuhan business before being a general manager, and Wang Chun was also the deputy general manager of China 100 group before he served as Yin Taihe Wu business executive.

Wang Tao, vice president of the school of economics and management of Wuhan University, believes that Wu Shang has rich experience in the management and operation of the shopping mall.

After the circulation of the two major business groups, the experience of large shopping centers can be "grafted" to the supermarkets, and at the same time make up for the shortage of hundreds of stores.

China is one of the largest chain retail enterprises in our province. There are four hundred professional chain corporation, including 100 warehouses, 100 supermarkets, 100 department stores and Zhong Bai electrical appliances, with more than 1000 outlets and nearly 100 thousand commodities.

On the other hand, Liu Cong said frankly that the future development of China's hundred could no longer rely on extensive horse racing enclosure and unilateral pursuit of volume expansion, but should concentrate on firepower to adjust operation and format cycle and strengthen integration.

"For hundreds of China, pformation is slow, but it is imperative."

Compared with the past and Yonghui business war, China is facing a more fierce rival - electric business.

In Liu Cong's view, the real business has not yet found a better electricity supplier mode, but instead of killing each other, it is better to keep warm and complement each other and find new markets.

He said, take the procurement as an example, the original days are outdated, although the supermarkets also engage in joint procurement, but the whole mind did not go together.

Liu Cong revealed that after reaching a strategic cooperation with Yonghui, the two sides have been working closely together to discuss joint procurement of bulk commodities and food, so as to reduce costs and raise both sides' gross profit.

In addition to financial data, many of the two big data of "supermarket king" have been open and interconnected.

Yonghui supermarket manager Zhang Jingyi said that after entering the board of directors, Yonghui's most powerful fresh purchasing business and supply chain will be shared with China in the future.

"After all, hundreds of millions of dollars are earned."

The announcement shows that in order to light up on the road of pformation, Zhong Bai is closing down a number of deficit stores with the determination to break arm.

As of the three quarter of last year, there were 13 warehouses, 25 convenience supermarkets and 3 hundred electrical appliance stores in and outside the province.