Reporter Ji Chenlu

Mr. Liang Jiaju, the "Emperor of Workers", resigned as Ping An's Executive Vice President and Chief Insurance Executive, and Mr. Ren Huichuan, the former Chairman and CEO of Property and Casualty Insurance, took over as the Group's Vice President and Chief Insurance Executive.

　　

From the "emperor of employees" to the local elite, Ping An's recent series of personnel changes show that its own training of talent is gradually on the throne.

　　

Following the takeover of deep development, Ping An of China (601318) senior management team once again adjusted. The reporter was informed that Liang Jiaju has resigned from the Ping An Group Executive Vice President and Chief Insurance Business Executive Officer position, to become the Group's Chief Advisor. His position was taken over by Ren Huichuan, the former chairman and CEO of property and casualty insurance.

　　

 

Most Expensive Listed Financial Company Executives

　　

Mr. Leung joined Ping An in January 2004, first as Chairman and Chief Executive Officer of Ping An Life, and then as Executive Vice President and Chief Insurance Executive Officer of Ping An Group in 2006, where he was in charge of Ping An's insurance business.

　　

According to the reporter's understanding, Liang Jiaju is in the form of retirement application to Ping An resignation. 2009 annual report shows that Liang Jiaju annual salary of 28.59 million yuan, was called "the most expensive executives of listed financial companies in China".

　　

 

Localized Talent Succession

　　

As the leader of Ping An's overseas army, Liang's retirement may have opened the prelude to the succession of Ping An's own talent.

　　

This time to take over the position of Liang Jiaju is the former chairman and CEO of Ping An General Insurance Ren Huichuan. "Ren Huichuan is Ping An's own people," a senior insurance industry insider from Ping An told reporters. Ren Huichuan joined Ping An in 1992, in January 2007 as deputy general manager of Ping An Group. In April of the same year to date, Ren Huichuan transferred to the general insurance chairman and CEO.

　　

For this personnel alternation, the industry will be regarded as a signal of the Ping An system of local talent to take office. A former Ping An insiders told reporters, Ren Huichuan said "from the famous family", "Ping An provincial branch general manager and transferred to other companies as a high-level Ping An people, mostly from the Development and Reform Center."

　

 

　news analysis

　Personnel adjustments will have little impact

　　

Insiders believe that this personnel adjustment will have little impact on Ping An, business promotion will still proceed step by step. The source told reporters that insurance companies in the early stages of development is usually business-oriented talent at the helm, after entering a period of stability, the tendency is to financial or actuarial back-up talent such as management, more stringent control of profits and risks. "Ren Huichuan used to be the financial director of Ping An of China, and his experience and ability should be competent."