PetroChina Company Limited announces that Zhou Mingchun has resigned and ceased to hold the position of the chief financial officer of the company, effective March 14, 2013.
Zhou has been Chief Financial Officer in PetroChina Company Limited since June 2007. He is also General Manager-Finance in the Company. He also used to serve as Director, Deputy Chief Accounting Officer and Chief Accounting Officer in another company. He holds a Master's degree.
Yu Yibo has been appointed the Chief Financial Officer of the Company with effect from 14 March 2013.
Yu is currently the General Manager of the M&A Department of the Company. Yu is a professor-level senior accountant and holds a doctorate degree from the business school of Hitotsubashi University in Japan. Yu has 15 years of experience in the Chinese oil and gas industry.
Yu was the assistant to the President of China Petroleum Finance Company Limited from November 1998, a member of the listing preparatory committee of China National Petroleum Corporation from February 1999, the Deputy General Manager of the Finance Department of the Company from November 1999, the Deputy General Manager of PetroChina Dagang Oilfields Branch Company from March 2002, the Deputy General Manager of the Finance Department of the Company from October 2002.
Yu is the General Manager of the M&A Department of the Company since April 2003. He was a member of the Supervisory Board of the Company from May 2008 to May 2011.