China Mobile Chairman Wang Retires, Replaced by Xi Guohua
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China Mobile Ltd. said Chairman Wang Jianzhou retired and will be replaced by Xi Guohua, completing a two-year transition to new leadership at the world’s largest phone company by subscribers.
Wang, 63, will be replaced by Xi, effective immediately, China Mobile said in a regulatory filing to the Hong Kong stock exchange yesterday. Xi, 60, the communist party head of the company’s state-owned parent, was named an executive director and vice chairman of the listed unit in July.