| Singapore-listed Yangzijiang Shipbuilding has appointed Zhang Tao as the company’s vice-general manager in charge of operations. Zhang was the administrative deputy general manager of China Shipbuilding Industry Corporation (CSIC) from March 2011, and is the youngest executive from a state-owned shipbuilder to have joined a private company. Zhang relinquished all his positions at CSIC on 9 June, CSIC noted in a filling to the Shanghai Stock Exchange. His annual salary of CNY954,000 (USD155,672) in 2014 was ranked the highest of all CSIC senior executives. Zhang has worked as marketing manager, deputy general manager, and vice president at Dalian Shipbuilding Industry, a subsidiary of CSIC, before becoming CSIC’s administrative deputy general manager. Yangzijiang is the largest private shipyard in China, with an orderbook of 102 vessels. |