China Mobile chairman Wang retires

02 Apr 2012

China Mobile announced that its chairman Wang Jianzhou retired and is replaced by Xi Guohua, ending a two-year transition to new leadership at the world’s mobile carrier by subscribers.

Wang has overseen operations at China Mobile since joining the company in 2004 from China Unicom, during a management reshuffle between Chinese telcos.

Xi, a former vice minister at the Ministry of Industry and Information Technology, was named an executive director and vice chairman of China Mobile in July.

Separately, China Mobile said Lu Xiangdong, a VP and executive director in charge of development strategy, planning, construction and procurement, stepped down in mid-March because of “his inability to perform his duties under his current personal circumstances”.

Lu’s resignation came after he became involved in a police inquiry over “financial-related issues”.

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