Sou Hu Cai Jing·2025-10-16 09:56Core Viewpoint - Fuyao Glass Industry Group Co., Ltd. announced the resignation of its chairman, Cao Dewang, to optimize the company's governance structure and promote sustainable development, while he will continue to serve as a director and hold other positions within the company [1][5]. Group 1: Leadership Changes - Cao Dewang submitted his resignation as chairman effective October 16, 2023, but will remain a director and continue to serve in various roles within the company [1][5]. - Cao Hui has been elected as the new chairman and legal representative of the company, effective immediately, while also serving as the head of the Strategic Development Committee [5]. - The transition of responsibilities between Cao Dewang and Cao Hui will be managed according to company procedures, ensuring no adverse impact on normal operations [5]. Group 2: Company Background - Fuyao Glass was founded in 1987 by Cao Dewang and has grown from a small joint venture to a global leader in the automotive glass industry, currently holding nearly 34% of the global market share [7]. - The company has expanded internationally, establishing production and sales bases in 12 countries, including the United States, Russia, Germany, Japan, and South Korea [7]. - Fuyao Glass employs approximately 37,000 people and supplies products to renowned automotive brands such as Bentley, Rolls-Royce, Mercedes-Benz, BMW, Audi, Volkswagen, General Motors, Ford, Chrysler, Toyota, and Honda [7].