Sinovel founder 'steps down' as chairman

Han Junliang

Sinovel’s founder and former president is stepping down as chairman of the Chinese wind equipment group, apparently completing a transfer of power that began last August.

Han Junliang will resign for “personal reasons”, says Bloomberg, quoting a filing to the Shanghai Stock Exchange by the turbine manufacturer.

He will be replaced by Wei Wenyuan, says the report. Last August it was Wei who replaced Han as president of Sinovel.

Wei, who has held roles in a number of financial institutions including the position of general manager of the Shanghai exchange, owned 10% of Sinovel at the time of that switch.

Han was seen as the driving force behind Sinovel’s explosive growth since its founding in 2006, becoming China’s…

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