Cosco Names New CEO for OOIL

Cosco-owned  Hong Kong containerline  Orient Overseas (International) Limited (OOIL)  said its chief executive Huang Xiaowen has resigned and Wang Haimin will succeed him.

Executive director Zhang Wei has also resigned. OOIL said Huang and Zhang resigned due to "work commitments."

Wang Haimin, aged 47, comes from Cosco, which recently acquired the Hong Kong-based company.

Wang was elevated to the top management as a vice-president of Cosco Shipping in February, and became the vice-chairman of Shanghai-and Hong Kong-listed Cosco Shipping Holdings, parent of OOIL.

Wang graduated from Shanghai Maritime University, major in Transport Economics, and holds a master degree in Business Administration from Fudan University and is an engineer.

Meanwhile, Yang Zhijian, general manager of the company's parent Cosco Shipping, and Feng Boming, chairman of Cosco Ship Ports, have been appointed executive directors.

Yang, aged 55, holds an executive master degree in Business Administration from Shanghai Maritime University and is an economist. Feng, aged 49, holds a master degree in Business Administration from The University of Hong Kong and is an economist.