FYG,FUYAO GLASS(SH:600660) 21世纪经济报道·2025-10-16 09:55Core Viewpoint - Fuyao Glass (600660.SH) announced a leadership change with Chairman Cao Dewang resigning to optimize the company's governance structure and sustainable development, while his son, Cao Hui, has been elected as the new chairman. Cao Dewang will continue as a lifetime honorary chairman, and the changes will not adversely affect the company's operations [1][3]. Group 1: Leadership Transition - Cao Dewang, the founder and leader of Fuyao Glass, has made significant contributions to the company, transforming it into a global leader in the automotive glass industry. He will now serve as the lifetime honorary chairman and continue to contribute to the company's strategic planning and long-term development [3]. - Cao Hui has been elected as the new chairman and will also serve as the legal representative and head of the board's strategic development committee. His term will last until the current board's term ends [3]. Group 2: Market Reaction - On October 16, Fuyao Glass's stock rose by 0.47%, closing at a market capitalization of 117.36 billion with a price-to-earnings ratio of 19.8 [6].