Personnel changes at China Jinmao: Zhang Zenggen resigns as chairman, and Tao Tianhai takes over.
On March 11, the board of directors of China Jinmao announced that Zhang Zengen has resigned as the company's Chairman, Executive Director, Chairman of the Strategy and Investment Committee, and Chairman of the ESG Committee, effective March 11, 2025. Meanwhile, Zhang Zengen will also no longer hold any positions in China Jinmao's affiliated companies.
Tao Tianhai will succeed Zhang Zengen as the Chairman of the board of directors, Chairman of the Strategy and Investment Committee, and Chairman of the ESG Committee of China Jinmao, effective March 11, 2025.
Tao Tianhai was born in October 1975. He joined China Jinmao in July 2000 and has successively held multiple management positions in its affiliated company, China Jinmao (Group) Co., Ltd., including Manager of the Corporate Planning Department and General Manager of the Strategic Planning Department. Since October 2009, he has served as the General Manager of the Strategic Operations Department, General Manager of the Cost and Contract Department, and Assistant President of China Jinmao. He was appointed as the Vice President of China Jinmao in January 2017, Senior Vice President in October 2017, and has served as the Executive Director and Chief Executive Officer of China Jinmao since April 2023. He has over 25 years of experience in hotel and real estate development management and has accumulated rich practical experience in corporate management, strategic management, and operational management.
China Jinmao also announced that after Zhang Zengen's resignation, Tao Tianhai, the Chairman and Executive Director of the company, will temporarily assume the duties and responsibilities of the Chief Executive Officer during the transition period.
Zhang Zengen was born in January 1965. After graduating from Tsinghua University in 1993, he joined Sinochem Group Co., Ltd. ("Sinochem Group"). From 1993 to January 2000, he worked at Ningbo Jingyong Liquefied Petroleum Gas Company, Sinochem International Petroleum Company, and the Human Resources Department of Sinochem Group. From January to November 2000, he served as the Deputy General Manager of the Human Resources Department of Sinochem Group. From November 2000 to December 2003, he was the General Manager of Sinochem Xingzhong Oil Transportation (Zhoushan) Co., Ltd. In December 2003, he was promoted to Deputy General Manager of Sinochem International Petroleum Company. Later, he also served as the Deputy General Manager and General Manager of the Risk Management Department of Sinochem Group, Party Secretary, General Manager, and Chairman of Sinochem International (Holdings) Co., Ltd., Assistant General Manager and Safety Director of Sinochem Group and Sinochem Corporation, and Party Secretary of the Chlor - Alkali Business Unit of Sinochem Holdings Co., Ltd. In May 2023, he assumed the positions of Chairman and Executive Director of China Jinmao, Chairman of the Strategy and Investment Committee, Chairman of the ESG Committee, and Authorized Representative.
China Jinmao stated that Mr. Zhang joined the company in May 2023 and has served as the Chairman and Executive Director to date. Mr. Zhang took office during a period of deep adjustment in the real estate industry. In the past two years, he has led all colleagues to face difficulties head - on, comprehensively deepened reforms, optimized the control system, promoted the iterative upgrade of organizational capabilities, enhanced the competitiveness of the entire value chain, and ensured the company's overall stable operation and the steady improvement of business performance. Mr. Zhang led the formulation of the business strategy of "deep - rooted focus, quality improvement, and efficiency enhancement". The investment quality has been continuously improved, the operational efficiency has been significantly enhanced, the four major product lines of "Jinyu Mantang" have been renovated and upgraded, and the development of the second - curve business has accelerated. The company's asset structure and quality have been effectively improved, laying a solid foundation for crossing the industry cycle and achieving transformation and development. All the achievements and progress made by the company in the past two years are attributable to Mr. Zhang's wisdom and hard work. The board of directors hereby expresses its sincere gratitude to Mr. Zhang for his contributions to the company during his tenure.
According to the statistics of CRIC Research Institute, in 2024, China Jinmao ranked 12th in the industry with a full - caliber sales volume of 98.25 billion yuan.