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China Construction Bank names new chairman, executive director

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China Construction Bank names new chairman, executive director

China Construction Bank Corp. appointed former Bank of China Ltd. Chairman Tian Guoli as its new chairman, effective Oct. 9.

Tian was also named as an executive director for a three-year tenure, following his nomination to the board in August. He replaces Wang Hongzhang, who stepped down due to age.

Tian joined Bank of China in April 2013, and was appointed its chairman in May that year. He also served on the boards of Bank of China units BOC Hong Kong (Holdings) Ltd. and Bank of China (Hong Kong) Ltd.

Earlier in August, Bank of China announced Tian's resignation after Reuters cited sources as saying he was nominated to chair the board of China Construction Bank.