Bloomberg News

Cosco Shipping Chairman Xu Lirong Resigns to Take New Post

October 19, 2011

Oct. 19 (Bloomberg) -- Cosco Shipping Co.’s Chairman Xu Lirong resigned today to take up a new position, the company said in a statement to the Shanghai stock exchange, without giving details of Xu’s new job.

Deputy Chairman Liu Shutian will become acting chairman and the company will find a replacement as soon as possible, according to the statement.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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