Founder of Chinese Geely leaves president and manufacturer leadership

There are significant changes in the structure of Chinese Geely. The car company saw your historic founder in November 1986, Eric Li, quit leadership positions: Chairman of the Board of Directors and Executive Director of Geely Automobile Holdings after four decades.

However, remains a majority shareholder, besides having been appointed honorary president life, second was announced at the results conference this Monday (17 August). On the other hand, it retains its positions within the Zhejiang Geely Holding Group, where it presides over the board of directors.

In his speech, Eric Li said: “The car industry is a goalless marathon. The sustainability of a company is determined by its commitment to succession and its nuclear values, to people being the central element of this cultural legacy. From a governance perspective, we are leading by rigorously implementing a modern business system, actively cultivating professional talent and building a world-class management team to ensure the transparent and effective operation of the three-level structure.”.

The succession at Geely Automobile Holdings is ensured by Andy An, who becomes chairman of the Board of Directors – contributing to your internal and automotive experience.

Dong Hui is no longer vice president of the board, a seat occupied by Gui Sheng Yue. The new executive director is Jerry Gan, which will be responsible for daily operations and the implementation of long-term objectives.

Geely is present not only in China, but in various global markets where it is expanding. In Portugal, it is present not only with its own brand, but also with Zeekr. It has majority stakes in Volvo and Lotus, has more than 48 percent of Polestar and half of Smart and 49 percent of Lynk & Co. It also has a percentage of Aston Martin.

Li Shufu© Qilai Shen/Bloomberg via Getty Images