Home / Knowledge / News / Apparel/Garments / Sportswear brand Li Ning CEO steps down
Sportswear brand Li Ning CEO steps down
06
Jul '12
Li Ning Company Limited, a leading sports brand enterprise in China announced changes to its management team and the appointment of a new board member, along with a new go-forward plan to improve the Group's performance and position Li Ning for profitable, sustainable growth.

Management Team

Mr. Zhang Zhiyong has stepped down as the Group's Chief Executive Officer with effect from 4 July 2012. The Board is grateful for the efforts of Mr. Zhang who led the Group's development into a leading Chinese sportswear brand. The Board and Mr. Zhang agreed mutually that bringing in new leadership is the right thing to take the Group to this next phase of its development.

At the same time, Mr. Zhang has also ceased to be a member of the Executive Committee of the Board. He will, however, continue to serve as an Executive Director and chief advisor to the Group's Executive Committee to ensure a smooth transition for the new future CEO. A search is now underway for this position, and in the meantime, the Group will be led by Mr. Li Ning, Founder and Executive Chairman, and Mr. Jin-Goon Kim, Executive Vice Chairman.

Mr. Li will focus primarily on external affairs, such as the new relationship with the Chinese Basketball Association (CBA). Mr. Kim will be primarily responsible for internal affairs and operations, as well as driving the Group's transformation during this transition. Mr. Kim has extensive experience gained serving as CEO or General Manager of several leading consumer and retail companies in Asia. He has a successful track record of driving transformation of consumer and retail companies in South Korea and China, including Dell Korea, China Grand Auto and Daphne.

Board of Directors

The Board is pleased to announce the appointment of Mr. Samuel Su as an independent non-executive director. Mr. Su is the Chairman and CEO of the China Division of YUM! Brands, Inc. and serves as an executive director and the vice chairman on Yum!'s board of directors, a leading restaurant group with well-known brands including Pizza Hut, KFC, Taco Bell and Little Sheep. With over 20 years of experience managing one of the leading consumer and retail franchises in China, Mr. Su enhances the Board's expertise in retail and consumer markets in China.

The new Board composition not only adds deep industry knowledge and expertise but also demonstrates the Group's commitment to good corporate governance, by meeting best practice guidelines of having over one-third of its directors as independent non-executive directors.

Mr. Li Ning, Executive Chairman of the Group, commented, "The Board is pleased to welcome Mr. Kim and Mr. Su on board. We will continue strengthening our management team and recruiting new talent with relevant experience, to ensure that we are able to execute our plans. We are determined to develop LI-NING into a world-class sports brand, a brand that is fundamentally anchored on sports values and sports essence. I, together with Mr. Kim and the management team, are committed to bringing the Group to reach this goal."


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search