The suspense surrounding the leadership transition at COSCO Shipping Holdings (601919) has been temporarily resolved following the official resignation of Chairman Wan Min, who was recently reassigned to chair China Tourism Group. The company confirmed the departure in a regulatory filing, marking Wan’s complete exit from all roles within the COSCO Shipping Group.
The announcement emphasized that Wan’s resignation would not disrupt the board’s operations. COSCO Shipping Holdings plans to convene a board meeting promptly to elect a new chairman. In the interim, Vice Chairman Huang Xiaowen, currently deputy general manager of COSCO Shipping Group, will assume acting leadership responsibilities. Huang’s appointment aims to ensure stability during the transition period.
Wan Min’s future at COSCO had been under scrutiny since his transfer to China Tourism Group on December 11 last year. The formal confirmation of his departure signals a new phase for the shipping giant. Market observers are closely monitoring the upcoming chairman election and Huang’s interim management strategies to assess the potential impact of this leadership change on the company’s trajectory.