September 07, 2008

Mr Xu reappointed as chairman of Baoshan Iron & Steel Co

It is reported that Mr Xu Lejiang chairman of Baosteel Group Corp has been again elected as chairman of the its listed unit, to fill a power vacuum after his predecessor Mr Ai Baojun was appointed as a vice mayor of Shanghai.

Mr Xu was approved as a director on the board of Shanghai listed Baoshan Iron & Steel Co at a shareholder meeting and was later elected as chairman by the board.

Mr Ai took the chairman post of Baoshan Steel in April this year from Mr Xu. Mr Ai had held senior posts at Baosteel as well as at the listed arm since 1998. He joined the company in 1994.

Mr Xu became Baosteel's chairman early this year after Ms Xie Qihua, the renowned Iron Lady retired. Mr Xu earlier became Baoshan Steel's chairman in May 2006, also replacing Ms Xie.