WH Group, the Chinese meat processor, has appointed company executive Wan Hongjian as vice chairman.
The Hong Kong-listed company, which counts US pork group Smithfield Foods among its subsidiaries, said Wan replaces Jiao Shuge, who has resigned from the position after almost eight years in the role.
Wan, 49, is responsible for the international trading business of WH Group. Already a director, he sits on two board committees, positions he will continue to hold.
The news of a new deputy chairman at WH Group came alongside the company’s first-half financial results, also published today (14 August).
WH Group’s first-half revenue stood at US$11.17bn, up from $10.66bn in the first six months of 2017.
However, the company’s operating profit fell 3.8% to $867m, as the profitability of WH Group’s fresh pork and hog production divisions tumbled.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataNevertheless, WH Group’s net profit rose from $492m in the opening half of last year to $514m.
