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China Hongqiao names late founder's son as chairman

China Hongqiao Group Ltd said May 31 that CEO Zhang Bo will replace his late father as the company's chairman, effective immediately.

The appointment comes shortly after former Chairman and founder Zhang Shiping died at age 73.

Zhang Bo, a 0.10% company shareholder, has been an executive director and CEO of China Hongqiao since 2011.

He also serves as chairman of the Binzhou Aluminum Industry Association, deputy to the vice president of China Non-ferrous Metals Industry Association, vice chairman of the International Aluminium Institute and chairman of Shandong Aluminium Industry Association.