Wang Donglei Resigns ETI President Role
2014-08-18 14: 37
Wang has been ETI’s main leader, having acted as the company’s Chairman and President. He became NVC Lighting’s largest shareholder in December 2012 after absorbing former NVC Lighting Chairman Wu Changjiang’s stock shares. In April 2013, Wang became NVC Lighting Chairman. NVC Lighting board removed Wu from CEO position and appointed Wang as the company’s interim CEO on Aug. 8, 2014.
as the interim ETI President until a new president is appointed.
According to China’s Company Law Article 149, senior company officials cannot take on similar responsibilities, seek or operate business opportunities for himself without consent from shareholders. It is believed Wang quitting from ETI President role is necessary for filling the new NVC Lighting management role.
Wang has been ETI’s main leader, having acted as the company’s Chairman and President. He became NVC Lighting’s largest shareholder in December 2012 after absorbing former NVC Lighting Chairman Wu Changjiang’s stock shares. In April 2013, Wang became NVC Lighting Chairman. NVC Lighting board removed Wu from CEO position and appointed Wang as the company’s interim CEO on Aug. 8, 2014.
