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HNA Executive's Death Risks More Turbulence at Chinese Giant

  • Wang Jian, one of HNA’s top two executives, fell to his death
  • Death comes as HNA undergoes major overhaul to shrink debt
Bloomberg business news
Bloomberg’s Tom Mackenzie reports on the death of HNA’s No. 2 executive, and the implications for the conglomerate.(Source: Bloomberg)
Updated on

The turmoil deepened at HNA Group Co., the Chinese conglomerate that’s been selling billions of dollars in assets to stay afloat, after its No. 2 executive died while touring southeastern France.

Co-Chairman Wang Jian, who helped found the group more than two decades ago, fell from a height of about 15 meters (49 feet) on Tuesday while having his photograph taken in the village of Bonnieux, a police officer said, adding that the death wasn’t viewed as suspicious. HNA declined to comment beyond saying the 57-year-old, in France on business, died after an accidental fall in Provence.