WH Group, the Chinese meat processor, has appointed company executive Wan Hongjian as vice chairman.
The Hong Kong-listed company, which counts US pork group Smithfield Foods among its subsidiaries, said Wan replaces Jiao Shuge, who has resigned from the position after almost eight years in the role.
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Wan, 49, is responsible for the international trading business of WH Group. Already a director, he sits on two board committees, positions he will continue to hold.
The news of a new deputy chairman at WH Group came alongside the company’s first-half financial results, also published today (14 August).
WH Group’s first-half revenue stood at US$11.17bn, up from $10.66bn in the first six months of 2017.
However, the company’s operating profit fell 3.8% to $867m, as the profitability of WH Group’s fresh pork and hog production divisions tumbled.
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By GlobalDataNevertheless, WH Group’s net profit rose from $492m in the opening half of last year to $514m.
