Ping An Life Insurance General Manager Yu Hong resigns, Chairman Yang Zheng takes over as interim leader

Wallstreetcn
2024.09.19 04:37
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Ping An Life's General Manager Yu Hong resigns, Chairman Yang Zheng temporarily takes over. The company is advancing the appointment of a new general manager, and related personnel changes will take effect after the regulatory process is completed. Yu Hong joined Ping An in 1997 and has held several important positions, while Yang Zheng joined in 1994 with rich management experience. The company expresses gratitude for Yu Hong's contributions

On September 19th, media reports indicated that Yu Hong, the General Manager of Ping An Life Insurance, has submitted his resignation to the board.

After the completion of Yu Hong's re-employment term upon retirement, he will step down from his positions as Executive Director and General Manager of Ping An Life Insurance.

Meanwhile, following the board's review, Yang Zheng, the Party Secretary and Chairman of Ping An Life Insurance, will assume the role of interim leader of the company, carrying out the duties of the General Manager. The aforementioned changes in positions will take effect upon the completion of relevant regulatory procedures.

The company expresses heartfelt gratitude for Yu Hong's contributions during his tenure.

Ping An Life Insurance stated that the appointment of the new General Manager is currently being orderly progressed, and subsequent disclosures will be made in accordance with relevant laws, regulations, and regulatory requirements.

According to his resume, Yu Hong, born in October 1968, joined Ping An in December 1997, and has held various positions such as Director of the Premium Department Charging Planning Office at Ping An Life Insurance Headquarters, Director of the Chairman's Office and Deputy General Manager of Ping An Life Insurance, Deputy General Manager and General Manager of Chongqing Branch of Ping An Life Insurance, Assistant General Manager, Deputy General Manager, and General Manager of Ping An Life Insurance Company. Yu Hong holds a bachelor's degree in Chemical Equipment and Machinery from Qingdao Institute of Chemical Technology.

On the other hand, Yang Zheng, who has been appointed as the interim leader, currently serves as the Party Secretary and Chairman of Ping An Life Insurance Company of China, Limited. He joined Ping An in July 1994 and has held positions such as Chairman of Ping An Health Insurance, General Manager of Ping An Property Insurance, Deputy General Manager of the Eastern Region Business Division of Ping An Bank, Assistant General Manager of Ping An Property Insurance and General Manager of the Northern Region Business Division, and General Manager of Ping An Property Insurance Shanghai Branch. Yang Zheng holds a Master's degree in Business Administration from Asia (Macau) International Open University

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