Lentuo International Inc. has announced that its Chief Financial Officer, Jianping Chen has been assigned to a leadership role in Lentuo's ongoing joint venture project with Itochu Corporation.
Chen will play a major, multi-functional role in the establishment of the joint venture and the launch of its operations, and will assume a senior executive role at the joint venture after it is established. The project is currently in the final stages of government approval. As a result of her new position, Chen has resigned from her current position of Chief Financial Officer effective May 17, 2013.
Jiangyu Luo, Lentuo's financial controller, will serve as Acting Chief Financial Officer effective May 17, 2013, until the appointment of a new CFO is finalised.