China Life has
officially appointed Yang Mingsheng to succeed Yuan Li as its new
chairman and executive director.
It came after China Life
announced Yuan Li had tendered his resignation as the chairman and
executive director of the company due to “reallocation to other job
duties”.
Go deeper with GlobalData
China Life also said Shi
Guoqing and Zhuang Zuojin have resigned their non-executive
director roles due to their “age”
The announcement, made
during the AGM of China Life, comes after Life Insurance
International reported in March 2012 media reports that Yang
had been appointed chairman of the provider.
Mingsheng has many years
of experience in the financial industry. He acted as vice chairman
of China Insurance Regulatory Commission from 2007 to 2012, and
worked for Agricultural Bank of China from 1980 to 2007, where he
held various positions including vice president of Shenyang branch,
head of industrial credit department and president of Tianjin
branch.
He was appointed as vice
president of Agricultural Bank of China in 1997 and was then
promoted to president of Agricultural Bank of China in
2003.
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By GlobalDataMingsheng is a senior
economist and graduated from the Faculty of Finance of Nankai
University majoring in monetary banking with a master’s degree in
economics.
