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CNBM announces changes to board

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World Cement,

Chinese cement company, CNBM, has announced its Chairman, Song Zhiping, will step down at the next annual general meeting to be held on 13 June 2018. Zhiping has served as Chairman of the Board of Directors since March 2005.

Zhiping has been “guiding the company […] with his excellent strategic vision and outstanding management intelligent, which has turned the company into an integrated building materials group”. Last year, CNBM merged with rival building materials group, Sinoma, to form the world largest cement producer.

Zhipgin will continue to serve as Chairman and Secretary of the Party Committee of China National Building Material Group Co. Ltd, the controlling shareholder of CNBM. In this role, he will “continue to provide strong support to the development of the company.”

In addition to Zhiping’s departure, CNBM also said that Guo Chaomin will step down as a director of the company and Xu Weibing will “cease to serve as supervisor and the Chairman of the supervisory committee of the company.”

A number of new appointments to the board of directors and supervisory committee will be put forward for election at the AGM, including Peng Jianxin as Executive Director, and Zu Weibing, Shen Yungang, and Fan Xiaoyan as non-executive directors.

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China cement news Cement news 2018