Core Viewpoint - The recent personnel changes at Midea Real Estate reflect strategic adjustments within the company, particularly in leadership roles and business focus, as Wang Dazai takes on multiple key positions to drive operational efficiency and strategic goals [1][2][3] Group 1: Leadership Changes - Wang Dazai has been appointed as Co-Chairman, Executive Director, and President of Midea Real Estate, indicating a consolidation of leadership roles [1][2] - His career progression within Midea Real Estate has been rapid, with multiple promotions since 2024, aligning with the company's business restructuring efforts [1][2] - The board believes that Wang's extensive experience will facilitate the execution of the group's strategic objectives and enhance operational development [3] Group 2: Business Restructuring - Midea Real Estate announced a significant restructuring of its business in June 2024, focusing on property management and commercial operations while divesting its real estate development segment [2] - The divestment of the real estate development business was completed by October 22, 2024, with its financial performance no longer included in the company's financial statements [2] - The restructuring aligns with the company's strategy to streamline operations and focus on core business areas [2][3] Group 3: Governance Considerations - Wang Dazai's dual role as Co-Chairman and President raises governance concerns, as it deviates from the corporate governance code that suggests separation of these roles [2][3] - The board maintains that this structure will not disrupt the balance of power between the board and management [3] - The previous President, Hao Hengle, will now focus solely on strategic development as Co-Chairman, ensuring a division of responsibilities within the leadership team [3]
美的置业管理层再调整，王大在出任联席主席