Fang Hongbo to retire in two years? Midea responds: Due to company strategy, executive president position created

Recently, Midea Group announced that, based on the company's strategic planning needs, the board of directors has appointed Wang Jianguo as the company's Chief Executive Officer, and he will no longer serve as the company's Vice President. This is the first time Midea has created the position of Chief Executive Officer since Fang Hongbo became the Chairman of Midea Group. Previously, there were reports that Fang Hongbo stated, "Fang Hongbo will retire at the age of 60 and will complete the historical mission of achieving 500 billion yuan in revenue before that." Fang Hongbo's retirement in two years has attracted attention from the industry. Tonight, Midea Group responded to Sina Technology by saying, "In order to meet the needs of the company's strategic planning, the position of Group Chief Executive Officer has been established to assist the Group President in handling related work." Midea did not respond to Fang Hongbo's retirement.