Magazine article Variety

Alibaba Pics Expands CEO Role

Magazine article Variety

Alibaba Pics Expands CEO Role

Article excerpt

ALIBABA PICTURES has expanded the powers of Fan Luyuan, who was appointed CEO two months ago. He is the company's third leader in 15 months, and replaces Yu Yongfu, who was appointed last December.

Fan appears to have been granted all of the multiple powers that Yu accumulated. As well as the CEO title, he is set as executive director and chairman of the executive committee, chairman of the board, chairman of the nomination committee and member of the remuneration committee.

"In view of the group's continuous business growth in line with its clear strategic direction, and the fact that Fan has demonstrated outstanding management and leadership capabilities along with his thorough understanding of the group's strategy of building new infrastructure for the domestic movie industry since his appointment as the CEO, Yu decided to resign as chairman of the board in succession by Fan who, as chairman of the board and the CEO concurrently, will lead the group in accelerating its development and creating more value for the shareholders of the group," Alibaba Pictures said in a statement. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.