China Mengniu Dairy Co. (2319.HK) said Thursday it has appointed Sun Yiping as chief executive, with immediate effect.
The Hong Kong-listed company said in a statement that Sun replaces Yang Wenjun, who has completed two terms as the chief executive of Inner Mongolia Mengniu Dairy (Group) Company Ltd., the company's main operating subsidiary.
Yang confirmed that he has no disagreement with the board, the statement said.
Sun was deputy general manager of Shenzhen-listed COFCO Property (Group) Co., a unit of COFCO Corp., which is a major shareholder of China Mengniu Dairy.
沪江英语快讯：中国最大的乳品公司蒙牛乳业换帅！总裁杨文俊两届任期已满， 经董事会同意，不再兼任总裁一职，继续担任副董事长职务，总裁一职由来自中粮地产的副总经理孙伊萍接任。 蒙牛的此次换帅意味着当年跟随牛根生创立蒙牛的十大创业元老全部离职，中粮集团将全面接管蒙牛。
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