GAC Group Personnel Adjustment: A new round of professional managers selected and hired results

21st Century Business Herald reporter Song Doudou Guangzhou report

On the evening of June 20, GAC Group (601238.SH) issued an announcement saying that the "Proposal on Appointment and Remrows of Senior Management (Professional Managers)" (hereinafter referred to as the "Proposal") was considered and appointed Jiang Xiuyun, Yu Jun, and Zheng Zheng Heng and Heng Xianqing as the deputy general manager.

The "Proposal" pointed out that due to age, Wu Song no longer serves as executive deputy general manager (professional manager), Li Shao, Chen Hanjun no longer served as deputy general manager (professional manager); The person in charge of finance is no longer the deputy general manager (professional manager); he hired Jiang Xiuyun as the deputy general manager (professional manager), and no longer served as the chief accountant (professional manager); The deputy general manager (professional manager); other senior managers (professional managers) have unchanged. It is understood that the term of the above -mentioned personnel is consistent with the term of office of the 6th board.

Yu Jun, Zheng Heng, and He Xianqing currently hold multiple positions. Among them, Yu Jun is currently a member of the Executive Committee of GAC Group, the Minister of International Business Headquarters, Chairman of Zhonglong Investment Co., Ltd., Chairman of GAC Group (Hong Kong) Co., Ltd., Chairman of GAC Passenger Car International Co., Ltd. Member of the Executive Committee, Deputy Secretary of the Party Committee, Director and Executive Deputy General Manager of GAC Honda Motor Co., Ltd., Director of GAC Honda Motor Sales Co., Ltd.; Member of the Executive Committee of GAC Group, Minister of Commerce and Trade Headquarters, Secretary of the Party Committee of GAC Trading Co., Ltd. , Chairman, Director and Deputy Chairman of Tongfang Global (Tianjin) Logistics Co., Ltd., Director of GAC Fiat Chrysler Automobile Co., Ltd., Director of Wuyang-Honda (Motorcycle) Guangzhou Co., Ltd.

On April 1 this year, GAC Group announced that it publicly recruited three deputy general managers to the society, responsible for the company's strategic planning, economic operation, finance and international business. GAC Group said that this move is to further consolidate the results of reform, improve the level of management, and build a market -oriented and professional business management team to promote the company's high -quality development. With the newly appointed three deputy general managers (professional managers), GAC Group's new professional manager selection and hiring work has been fully completed. Professional managers have been in office for three years, and the term system and contract management are implemented.

In fact, GAC Group implemented a pilot of professional manager reform in December 2018 and became the first state -owned enterprise in Guangzhou to implement the professional manager system. The selection of managers. Except for the chairman, deputy secretary of the party committee, secretary of the disciplinary committee, and chairman of the union, members of the leadership team all turned into professional managers.

GAC Group implements a precise quantitative assessment of professional managers to implement the rigid redemption principle of "rising performance, rising salary, decline in performance, and salary reduction", "incremental performance, incremental salary" market -based salary distribution principles and differentiated positions Principles of salary. It is understood that the operating performance index of professional managers accounts for not less than 50%of the annual assessment index, and the annual salary of performance accounts for more than 70%of the annual salary. Professional managers awarded stock options and restricted stocks of 3.5 million shares.

The GAC Group said that the reform of professional managers is an important part of the three -year operation of the GAC Group's state -owned enterprise reform, which is conducive to helping enterprises to improve the modern enterprise system with Chinese characteristics, improve the market -oriented business mechanism, and establish a more market -oriented person. The mechanism stimulates the vitality of innovation.

In addition, GAC Group also passed the "Proposal on the Technology Reconstruction Project of GAC Toyota Engine Production Line" and "Proposal on the GAC Ean A02 Project Change", involving the investment amount of 389 million and 1.14 billion yuan, respectively.

Official data show that from January to May this year, GAC Group sold 915,500 units, an increase of 6.4%year-on-year. From the perspective of the sub -sector, in the first five months of this year, the GAC autonomous sector was selling hotly. GAC Ean sold a total of 76,000 units, an increase of 122%year -on -year. Cumulative sales were 139,900 units, an increase of 11.02%year -on -year.

Among the joint venture brands, from January to May this year, GAC Honda's cumulative sales were 283,400 units, a year-on-year decrease of 10.8%; GAC Toyota's cumulative sales were 399,300 units, an increase of 16.1%year-on-year. one. In the first five months of this year, the cumulative sales of "two fields" accounted for 74.6%of GAC Group's overall sales.

However, compared with the "two fields" of the profit cow, GAC Mitsubishi and GAC Fick are unsatisfactory, especially the latter has fallen sharply. From January to May this year, GAC Mitsubishi's cumulative sales were only 11,900 units, a year-on-year decrease of 52.62%. GAC Fick was less than 2,000, a year -on -year decrease of 83.39%. It is worth noting that GAC Fikke had only one in March and May this year, and the production and sales in April were 0.

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