After Shanghai Jiahua changed coaches, the stock price had a daily limit on April 23, and it had been in a continuous trading limit for two consecutive trading days.
On April 22, Shanghai Jahwa United Co., Ltd. (Shanghai Jahwa, 600315.SH), the parent company of national brands such as Herborist and Liushen, announced a coaching change. According to the announcement, Ms. Zhang Dongfang, the chairman of the company, applied for her resignation as a director of the company for personal reasons. At the same time, she applied for the resignation of the company’s chief executive officer, general manager, subordinate holding companies and shareholding companies from May 5, 2020 Act as the company’s chief consultant.
The Shanghai Jahwa announcement shows that before the election of the new chairman, the company ’s directors jointly elected Meng Sen as the acting chairman of the company to perform the duties of chairman. Meng Sen’s resume shows that he is an assistant to the general manager of China Ping An Life Insurance Co., Ltd.
At the same time, Shanghai Jahwa announced that the board of directors has decided to appoint Mr. Pan Qiusheng as the company ’s chief executive officer (CEO) and general manager, effective from May 6, 2020.
Pan Qiusheng, male, born in 1973, was the general manager of the public cosmetics department of L’Oreal (China) Co., Ltd. and the general manager of the Asia-Pacific region of the public cosmetics department of L’Oreal Group Mattel Global Vice President and General Manager of Mattel Barbie (Shanghai) Trading Co., Ltd. in China, and former Deputy Director of the Strategic Development Center of China Ping An Insurance (Group) Co., Ltd.
In this resume, Pan Qiusheng is the most professional in cosmetics background among Shanghai Jahwa ’s in power in recent years.
It is reported that Pan Qiusheng served as the general manager of China Business and the general manager of Asia-Pacific region for L’Oreal Group ’s Volkswagen Cosmetics from 2015 to 2019. The proportion of online business has been greatly improved.
From the perspective of the capital market, the coaching change of Shanghai Jahwa was very well recognized by the market. On April 23, Shanghai Jahwa’s stock price limit was reported at 30.58 yuan, which has been the limit for two consecutive trading days.
It is worth mentioning that this is also the third “Ping An Department” headed by Shanghai Jahwa after the Ping An Department entered Shanghai Jahwa in 2011 people.
In 2011, Pingpu Investment, a subsidiary of Ping An Trust, defeated HNA and Fosun to buy 100% of the shares of Shanghai Jahwa Group, a major shareholder of Shanghai Jahwa, from Shanghai SASAC for 5.109 billion yuan The contradictions continued and led to Chairman Ge Wen before 2013