Zhongtong Bus announces leadership shake-up: new Chairman and CEO

Zhongtong Bus Holding (SZSE:000957) announced significant leadership changes. Hu Haihua resigned as Chairman and from the board, citing work-related reasons. The board appointed Wang Xingfu as the new Chairman, effective immediately. Wang previously served as General Manager but will relinquish this role following his appointment. Li Pengcheng, formerly of Weichai Power, was appointed as the new General Manager. Additionally, Peng Feng resigned as Vice General Manager, though he will remain with the company in another capacity. Zhang Feng was appointed as the new Board Secretary. The changes come as Zhongtong Bus navigates a dynamic market environment and seeks to strengthen its leadership team.