Financial Associated Press (Beijing, reporter Liu Yang), Li Donghui’s appointment as the CEO of Geely Holding Group’s senior personnel changes once again pushed Geely into a whirlpool of public opinion. However, this is only the tip of the iceberg in Geely's strategic transformation. Accompanying this appointment is the adjustment of the organizational structure of Geely Holding Group and the clearer management functions of its various business segments.
"Under the board of directors of the holding group, a new management level of'Economic Management Committee' will be established. The members of the'Economic Management Committee' are composed of senior executives of the holding group and are responsible for the investment, risk control and resource coordination of the various business segments of the group." December 6 A person familiar with the situation revealed to the Cailian Press reporter about Geely’s ongoing organizational restructuring. “Geely has issued a document and issued personnel appointments for several vice presidents of the holding group.” At the same time, the Geely Holding Group’s board of directors also The expansion was carried out, from the previous 5 people to 9 people, of which Sun Hong and Yang Jian, who entered the board of directors for the first time, served as the vice chairman of Geely Holding Group. According to the above-mentioned people familiar with the matter, this arrangement is an innovation of the group's management structure and clearer functions. "The core management of the group is responsible for the various sections of the group, but the main energy of the general manager will focus on the automotive sector. This can further strengthen Geely's main automotive business while strengthening the coordination and linkage with other business segments, and accelerate the group's overall strategic transformation." The latest update of the Geely Holding Group's official website supports this. According to the official website, in addition to the publicly available former Geely Holding Group Executive Vice President and CFO Li Donghui as the CEO and legal representative of Geely Holding Group, He An Conghui as the President of Geely Holding Group and the President and CEO of Geely Automobile Group, the Geely Holding Management Team It also includes five vice presidents, namely Wei Mei, vice president in charge of human resources, Feng Qingfeng, vice president in charge of strategic innovation, Chen Yimin, vice president in charge of legal affairs, Wei Zhiling, vice president in charge of Beijing representative office, and vice president in charge of public relations Yang Xueliang.
"The mission of Geely Holding Group is to'strategic synergy, promote change, and create value together'. The goal is to become a smart electric mobility technology company with global influence. Based on the company's long-term development strategy, focus on its main business and promote its various business sectors Coordinated development, the company decided to adjust the organizational structure." Geely officials confirmed the ongoing organizational structure adjustment. According to the official website of
, Geely Holding Group includes six primary core subgroups, including Geely Automobile Group, Volvo Car Group, Geely Technology Group, Geely New Energy Commercial Vehicle Group, Mingtai Group and Geely Talent Development Group. Among them, Geely Automobile Group includes Geely Automobiles, Lynk & Co, Geometry Automobiles, Proton Automobiles, Lotus Automobiles, and smart cars, a joint venture between Geely and Daimler. The synchronization of
and the adjustment of Geely's organizational structure is Geely's arrangements for its various business segments in the asset market.
On December 1, *ST Lifan announced that its reorganization plan has been approved by the court. This means that Geely Technology Group's entry into Lifan shares as the main reorganization investor has basically been settled, and the delivery is expected to be completed within December. According to the plan, the reorganized Lifan shares will transform into a technology company focusing on power exchange business and become the main financing platform for Geely Technology Group in the secondary market.
Prior to this September, Geely Commercial Vehicle Group also completed the acquisition of part of the equity of Valin Xingma, became the controlling shareholder of Valin Xingma, and achieved a "backdoor" listing.
In addition, Geely, a listed company in Hong Kong, Geely Automobile also completed its first launch meeting on the Science and Technology Innovation Board in September this year. On December 2, Volvo Car’s CEO stated that the merger negotiations with Geely will resume in the first quarter of next year, which means that Geely’s listing on the Sci-Tech Innovation Board is progressing smoothly. Earlier, Volvo suspended the merger negotiations with Geely Automobile because Geely Automobile returned to A.
“Geely’s thinking is that each of its business segments must form its own clear strategic planning and business direction, including its financing capabilities in the capital market.” Some industry professionals familiar with Geely believe that under this management approach, whether it is Whether Li Donghui becomes the CEO of the holding group or the adjustment of the organizational structure will help Geely's various sectors to operate and develop in a relatively independent manner.
