China’s Shanghai Automotive Group, which took over South Korean SUV maker Ssangyong Motor in October last year, plans to appoint one of the group’s executives to Ssangyong’s board.
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“Jiang Zhiwei will be appointed to Ssangyong’s nine-member board during an extraordinary shareholders’ meeting scheduled for January 27, the day when Shanghai Automotive Industry Corp. (SAIC) has to complete payment for the takeover,” Ssangyong spokesman Choi Jong-Bok said.
Choi added that no decision has been made on whether Jiang, who is also SAIC vice president, will serve as Ssangyong’s president, replacing Soh Jin-kwan.
Peter Chang
