The reform and innovation of BAIC group is accelerating.
On May 18, BAIC Motor Corporation Limited (hereinafter referred to as “BAIC”) announced that Jiang Deyi, chairman of the board of directors, would no longer serve as chairman, non-executive director, director of the strategy committee of the board of directors and director of the nomination committee due to work adjustment. At the meeting on May 18, the board of directors proposed to appoint Chen Wei as the chairman of the company, the director of the strategy committee of the board of directors and the director of the nomination committee. The term of office is from the date of approval by the general meeting of shareholders to the end of the term of office of the Fourth Board of directors.
BAIC group said that this adjustment is a normal work adjustment, in line with the relevant policy requirements of state-owned enterprise management. The purpose is to build a modern corporate governance system in accordance with the law, clarify the relationship between rights and responsibilities, and further release the business vitality of secondary enterprises.
BAIC is the core of BAIC group’s vehicle business segment, including Beijing brand, Beijing Benz, Beijing Hyundai, Fujian Benz, etc., covering independent passenger cars and all joint venture passenger cars. BAIC is also the main revenue and profit source of BAIC group. According to the financial report of BAIC, the revenue of BAIC in 2021 was 175916 billion yuan, a slight year-on-year decrease of 0.6%, and the annual gross profit reached 22.920 billion yuan, a year-on-year increase of 12.19%; The net profit attributable to equity holders of the company was 3.858 billion yuan, a year-on-year increase of 90.17%. Among them, Beijing Benz is the main revenue and profit source of BAIC. According to the data, the revenue of Beijing Benz in 2021 was 167966 billion yuan, accounting for 95% of the total revenue of BAIC; The gross profit was 42.255 billion yuan. Revitalizing its own brand is the important task of BAIC group.
As the “leader” of BAIC group, after Jiang Deyi took over Xu Heyi as the chairman of BAIC group in July 2020, he actively promoted the internal reform and the integrated development of independent brands, especially the bold decentralization of personnel and the rejuvenation of leaders of all sectors. This is regarded by people in the industry. In fact, since Jiang Deyi took office as the chairman of BAIC group at the end of July 2020, he has been making continuous internal institutional adjustment, enabling new people and boldly delegating power, hoping to make BAIC’s independent sector glow with new vitality. Including in order to enhance the vitality of the enterprise, in principle, the group’s senior executives will no longer concurrently serve as the chairman of the secondary company, which is more convenient to assess the performance of each sector and prevent the group company from favoring its subordinate companies. Since 2021, Jiang Deyi has stepped down as the chairman of BAIC new energy, a secondary company of BAIC. Zhang Xiyong, general manager of the group, and Cai Suping, deputy general manager, have also stepped down as the chairman of BAIC Futian and Beijing Hainachuan respectively.
Talent reserve construction is the key to enterprise reform and innovation. It is reported that over the past year, under the leadership of Jiang Deyi, BAIC group has also continued to implement the “789” young cadre selection and training project to promote the selection and allocation of a number of middle-level principal positions around the age of 35 and middle-level deputy positions around the age of 30. Under the same conditions, BAIC group tends to give priority to the selection of leading cadres aged 40 and below. Relevant data show that in October 2020, Jiang Deyi adjusted the internal organizational structure and personnel for the first time, focusing on upgrading the integrated BAIC marketing company from a three-level company to a two-level company, which is directly managed by the group, and the chairman is Liu Shijin, former director of the operation and Management Department of BAIC group. Only two months later, at the end of December 2020, BAIC group ushered in the largest personnel adjustment since Jiang Deyi took office, involving many important positions such as BAIC shares, BAIC new energy, BAIC Futian, Hainachuan and BAIC Research Institute. This adjustment is equivalent to BAIC group reorganizing the functions and powers of the core executives of various sectors and giving more independent play to its companies. Under the strategic framework of the group, during 2021, BAIC new energy and Beiqi Foton Motor Co.Ltd(600166) senior management have added fresh blood one after another. In January 2022, BAIC group made another personnel adjustment. Liu Yu, chairman of BAIC new energy, was promoted to deputy general manager of BAIC group, and Gong yueqiong, chairman of Beiqi Foton Motor Co.Ltd(600166) BAIC group, was also promoted to deputy general manager of BAIC group.
In addition to accelerating the construction of management talent echelon, BAIC group also proposed that facing the “14th five year plan”, BAIC group will focus on the main business, strengthen accurate investment, accelerate the disposal of idle assets, actively solve the problems left over by history, focus on the orderly exit of key non main enterprises, and reform and reconstruct around the three main businesses of whole vehicle, parts and services. At the same time, by streamlining departments and “downsizing”, the group headquarters condensed 28 departments into 19, making the organizational structure more refined and flat.
It is understood that Chen Wei, who succeeded Jiang Deyi and served as the chairman of BAIC, is also a “BAIC old man”.
According to public data, Chen Wei has nearly 30 years of experience in the automotive industry. Since 1994, he has served as assistant engineer, engineer, field engineer of Beijing Jeep Automobile Co., Ltd., chief of model development section and production planning section, and as production director of Beijing Benz Daimler Chrysler automobile company. At present, he is the vice president of BAIC, the party secretary and senior executive vice president of Beijing Benz Automobile Co., Ltd.
Zhang Xiang, President of the New Energy Vehicle Technology Research Institute of Jiangxi new energy technology vocational college, said that by delegating power to make the leadership younger, it can stimulate the enthusiasm and vitality of all sectors of BAIC group and give full play to the innovation consciousness of the leaders of the subsidiary.
