Wang Junzhou succeeds Chen to become Gome's new president

Gome (00493.HK) board announced yesterday that, in view of the group has been through the crisis, the Gome Board of Trustees approved and accepted the Chairman and President of the company, Chen Xiao, but will continue to act as Chairman and executive director, while Gome's current executive director and Executive Vice President Wang Junzhou will be president.　　Insiders believe that this is Gome board to further strengthen corporate governance, accelerate the "go to the yellow light margin" process of important signals. The Board of Directors of the company said the replacement of the Chairman and President of the post can further enhance the efficiency of management, which is gome in the pursuit of corporate governance best practices in a further solid step. This adjustment will further clarify the management context of the company.　　Mr. Chen, as Chairman and executive director of the Board of Directors, in addition to administrative duties, will be more emphasis on the planning of corporate strategy and the evaluation of the implementation of the results, and the performance of the Wang Junzhou, the future will be responsible for the day-to-day operations of Gome and responsible for business performance, and responsible for the implementation of But in the eyes of some insiders, Gome is speeding up "to the yellow light margin."　　Earlier, the Gome board, headed by Mr. Chen, had passed three non-executive directors of Bain Capital (baincapital) in disregard of objections from founder and major shareholder Huang Guangyu.　　In addition, the Chinese retail industry for many years Gome in the first time this year in sales of the defeat of Suning appliances, market personage analysis, in addition to be affected by "Huang Guangyu case", Gome did not "go to family" in time and introduce modern enterprise management mechanism in corporate governance structure also for its failure to bury foreshadowing. But some people believe that the move is Chen Xiao's initiative to cut the right, will help Huang Guangyu to strengthen the control of Gome. Because, successor Wang Junzhou Department Huang Guangyu Kibaki and confidant Big member. Wang Junzhou 2001 joined the Gome, since 2006 as the group executive vice president, by Huang Guangyu promotion.　　And media reports, in 2009, the United States for self-help to take the introduction of foreign shareholders and other measures, Wang Junzhou gradually lost the trust of Huang Guangyu family. Chen praised the Wang Junzhou yesterday, thinking that it has an ultra strong executive power.　　He said that over the past few years they have been working together, the two have established a deep respect and mutual trust, and a tacit understanding of the working relationship. Wang Junzhou said: "Under the leadership of Mr. Chen, with the executive team to spare no effort to promote the effective implementation of the enterprise strategy." "He also believes that Gome has strong business, huge growth potential and an exciting future."