Wu Wennan Steps Down as China Mengniu Dairy CFO

Wu Wennan has stepped down from the role of the Chief Financial Officer of China Mengniu Dairy Company Limited and was replaced by Zhang Ping who took his new role on June 6.

Zhang, 50, joined the group as the Vice President (finance) of Inner Mongolia Mengniu Dairy (Group) Company Limited in May 2014.

Zhang has over 23 years of experience in the industry of fast-moving consumer goods, specializing in the management of operation, finance and audit as well as risk control.

Zhang has served as the chief executive officer of Coca-Cola Bottlers Manufacturing Holdings Limited from December 2012 to April 2014. He was the general manager of Swire Guangdong Coca-Cola Ltd. and Xian BC Coca-Cola Beverages Ltd. from December 2010 to December 2012 and from November 2007 to December 2010, respectively.

Zhang was the finance director of Swire BCD Co., Ltd. (formerly known as BC Development Company Limited) from August 2005 to November 2007, in charge of the finance and internal audit related affairs. Prior to that, he also served as the finance director of Swire Guangdong from March 2002 to August 2005.

Zhang joined Swire BCD as the project manager in November 1990. He was later designated as the finance manager of Nanjing BC Foods Co., Ltd., a subsidiary of Swire BCD, in September 1993.

In November 1995, Zhang was promoted as the deputy finance manager of Swire BCD, then as the manager of the internal audit and system accounting department in January 1998 and work in this position until March 2002 before he joined Swire Guangdong.

Zhang was a lecturer of accounting in Beijing Institute of Mechanical Industry Management from September 1986 to November 1990.

Zhang obtained the graduation certificate by completing the graduate courses in management engineering from Beijing Institute of Mechanical Industry Management in 1986, and he graduated with a Bachelor’s degree in mechanical engineering from Shenyang University of Technology (formerly known as Shenyang Electromechanics College) in 1984.

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