Zungui Haixi CEO steps down
Chinese sportswear and casual footwear brand Zungui Haixi has announced that Jixu Cai has resigned as CEO and director of the company and that it is looking for a new chief operation officer.
Yanda Cai, currently a company director, has been named as his replacement. He was COO until 2008.
The new CEO said: "We are working with the independent directors of the board to find the most appropriate qualified individual for the role of COO. We are grateful for Jixu's assistance and contribution over the years and thank him for his dedicated service to the company. We welcome his input and advice to the company as his situation permits.
"We are looking forward to the hiring of a COO to complement existing management during the next stage of our growth and development as one of China's largest domestic shoe manufacturer and retailers. We are on target to meet our goals for calendar 2010 of opening 100 corporate-owned and managed retail outlets and 250 retail outlets from distributors."
