Chinese wind giant Sinovel replaces long-serving president

The board of Sinovel – China's largest wind turbine maker – has voted to remove Han Junliang from his management role as the company seeks to recover market share and stem its ebbing profits.

Han, who will remain as chairman at the company, will be replaced by Wei Wenyuan as acting president, according to a statement on the Shanghai Stock Exchange today.

Wei, who has held roles in a number of financial institutions including the position of general manager of the Shanghai exchange, already owns 10% of Sinovel.

The management changes were voted through at a board meeting held earlier this week, just as Sinovel reported a 96% slump in first half profits.

Han has presided over Sinovel’s meteoric growth, helping to create a company that Log in to read complete article.

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