Midea Group Founder to CEO Succession
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Background The Midea Group is a South Korean multinational conglomerate that specializes in home appliances, home and building automation products, and healthcare products. It has more than 6,700 factories, research, and development centers, and 106 manufacturing plants across the globe. Midea Group has been around since 1954 and is headquartered in Changwon, Korea. In May 2020, Samsung Electronics, the world’s leading tech
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In March 2021, Midea Group announced that its Founder and Chairman, Mr. Zhang Yusha, will not seek re-election to the company’s Board of Directors at its upcoming Annual Meeting of Shareholders to be held on May 17, 2021. However, Chairman Zhang’s decision to stand down from his duties was made as per a voluntary and timely self-selection from 22 candidates who applied to serve as Midea Group’s CEO.
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In the year 2015, Mr. Li Zhenglong, founder and Chairman of Midea, passed away, leaving behind his sons Mr. Li Huiqiang and Mr. Li Zhenqiang as CEOs. Their succession process was challenging as they faced internal and external challenges like: 1. Different leadership styles: The two sons differed in leadership style, hence it was a struggle to find a common ground between them. 2. Midea Group had significant financial problems, which put the company at risk, and both sons knew
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It’s a simple story of a founder taking over as CEO. He had been the Founder and CEO of Midea Group, which was a leader in the global refrigeration and air-conditioning (HVAC) industry, for over 30 years. He had created a successful company, one of the most respected globally, that had expanded to be the leading player in over 180 countries. He was the driving force behind Midea Group’s remarkable success and his leadership had brought the company great recognition and awards for innovation.
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Midea Group, a leading global manufacturer of home appliances and household equipment, has announced the appointment of Li Junliang as its new CEO. Li, the Group’s Chairman and Chief Operating Officer, will succeed Wan Li, who will step down in September to become the Group’s chairman and executive director, and Liang Qingbo, chairman of the company’s board of directors. Li has held various positions at Midea Group, including its former CEO and COO. The Board of Directors appointed Li as the new
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– In a world-class hospital in Mexico, a brilliant doctor discovers that the best treatment for cancer is to eat the same food as her patients. So she uses this knowledge to invent the world’s first personalized cancer cure. – Midea Group Founder in China is a woman, but that’s okay. She doesn’t care about gender roles, doesn’t want to be a CEO, and hides her true self from the public. my link – As her first mistake, she orders her second son, who is the best of the best check that