Chinese pork giant WH Group fires chairman’s son from board over aggressive behaviour
- Wan Hongjian, 52, son of chairman Wan Long, 80, was stripped of his roles as executive director, deputy chairman and vice-president
- Removal comes less than two weeks after the company announced a HK$15 billion (US$1.93 billion) offer to buy back 13 per cent of its shares
WH Group, the world’s biggest pork producer, has removed the chairman’s son from the board and terminated his employment, citing his aggressive behaviour against the company.
Wan Hongjian, 52, son of the chairman and CEO Wan Long, 80, was stripped on Thursday of his roles as executive director, deputy chairman and vice-president, based on the company’s “amended and restated” articles of association, it said in a filing to Hong Kong’s bourse.
The company said that Wan was unable to fulfil his duties as a director “due to his recent misconduct of aggressive behaviours against the company’s properties”. It did not elaborate on the circumstances.
“The board considers that the removal of Mr Wan will not have any significant adverse impact on the group’s operations,” the statement said.
A company spokeswoman declined to provide details on the nature and type of misconduct or behaviour.
