Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Richina Pacific announces New Appointments

March 10, 2005

Richina Pacific announces New Appointments and Organisation Structure

The Chairman of Richina Pacific Limited (RPL), Mr John L Walker, announced new senior appointments and the adoption of a new organisational structure for Richina Pacific’s global businesses.

The restructuring and senior appointments became necessary following the much enlarged operational and asset base of the Company that has resulted from the acquisition of a 90% interest in the former Chinese State-Owned-Enterprise, Shanghai Leather Co. Ltd., with its 43 subsidiaries and 8 associated companies, and its more than 7,000 employees.

The new appointments and organisational structure will strengthen governance, corporate and operational management, and will provide for a more efficient and cost effective way of managing the businesses within four principal operational sectors. The changes are expected to take up to twelve months to implement.

The four operational divisions and the new appointments are as follows:

Operational Divisions – Each of the currently separate operating entities will be grouped under one of the following operating businesses, namely:

Richina Financial Richina Land Richina Industries Richina Services

An enlarged and more centralized RPL corporate, administrative and services organization will be established to support these operational divisions with offices in Singapore, Shanghai and Auckland. It is expected that following consolidation of certain administrative and support services within each of the new operating business sectors, and through increased centralised corporate management, there will be overhead savings and improved governance. Further details regarding RPL and its operational structure are available on the Company’s revamped website – www.richinapacific.com.

Appointments – To best develop both the existing and newly acquired operations, it has been necessary to complement the existing small corporate management team with the appointment of appropriately skilled and experienced executives.

Appointments to date are as follows:

Mr Roger Wang Executive Director of Richina Pacific Limited

Shanghai-based Roger Wang, who has been a Director of RPL since 1999, has been appointed Executive Director, with primary responsibility for leading the establishment of the Richina Services businesses. In addition, Mr Wang will lead the transition team for SLC in Shanghai.

Mr Robert Stearns Executive Vice President & Chief Financial Officer (CFO) of Richina Pacific Limited

United States-based, Robert Stearns has been appointed, effective from March 1, 2005, Executive Vice President and CFO for Richina Pacific.

Prior to joining Richina, Mr Stearns held senior positions with a number of very large and well-known US-based banks and corporations. In his new capacity at RPL, Mr Stearns will have primary responsibility for Accounting, Finance, Treasury and Tax, as well as Human Resources, Legal and Technology throughout the RPL Group, and he will work closely with the CEO to build Richina Financial. It is expected that these corporate departments will play a much more active role in managing and monitoring each of our business operations going forward.

To that end, all finance functions of the operational sectors will also have reporting lines to Mr Stearns as well as to their respective CEOs.

Mr Huo Jian Guo Senior Vice President of Richina Pacific (China) Investment Limited

Richina Pacific has appointed Mr Huo Jian Guo as a Senior Vice President of Richina Pacific (China) Investment Limited, effective January 1, 2005. Prior to joining Richina, Mr Huo was the Chairman and General Manager of SLC, a position he held since 1995, the year RPL negotiated the Shanghai Richina Leather joint venture agreement with SLC. Prior to being appointed Chairman and General Manager of SLC, Mr. Huo has held a wide range of senior positions with SLC and its affiliates since 1973.

Mr Huo will continue to lead SLC as a Director and its General Manager and he will also be actively involved in RPL’s future investments in the Shanghai area, particularly in connection with additional State-Owned-Enterprise (SOE) reform efforts, leveraging his intimate knowledge and extensive relationships within the Shanghai government and SOE establishment.

Mr Mark Lecher Senior Vice President of Richina Pacific (China) Investment Limited

Mr Lecher has been appointed Senior Vice President of Richina Pacific (China) Investments Ltd, and will be primarily responsible for the development of businesses under Richina Industries.

Prior to joining Richina Pacific, Mr Lecher held the position of President and Chief Operating Officer of GST AutoLeather Inc. Prior to that, he was the CFO for both GST AutoLeather and Strategic Industry LLC, the parent company of GST AutoLeather Inc.

GST AutoLeather is a leading American automobile leather supplier, which has recently entered into a strategic partnership with our subsidiary Shanghai Richina Leather for the manufacture of auto leather.

Mr Lecher will relocate with his family to Shanghai in 2005, and he will be primarily responsible for developing the SLC industrial businesses.

Mr Frank Shen Senior Vice President of Richina Pacific (China) Investment Limited

Mr Shen, who is Shanghai-based, joined Shanghai Richina Leather in 1997 as its Chief Financial Officer. In 2003, he transferred to Richina Pacific (China) Investment Limited, RPL’s Chinese Holding Company, as its CFO, and he played an integral role in the acquisition of SLC. Mr Shen is being promoted to Senior Vice President in recognition of his significant contribution to the successful completion of the acquisition of SLC. In this new capacity, Mr. Shen will take on the lead role for project development and focus on new acquisitions and projects for Richina Pacific in China.

Richina Pacific expects to continue to add to its functional and operational capabilities with additional appointments of people with relevant experience to help build its new organizations.

Mr John Walker, Chairman, said, “We look forward to working with the expanded team members to take full advantage of their skills, expertise and experience to broaden and complement our existing management.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news