Singapore-listed Yangzijiang Shibbuilding has appointed Zhang Tao as the company’s vice-general manager in charge of operations.
Zhang was formerly the administrative deputy general manager of China Shipbuilding Industry Corporation (CSIC) from March 2011, and is the youngest executive from a state-owned shipbuilder to have joined a private company.
Zhang has relinquished all his positions at CSIC on 9 June, stated CSIC in its filling to the Shanghai Stock Exchange. His annual salary of CNY954,000 in 2014 ranked the highest among all senior executives of CSIC.
Related news: UOBKayhian recommends ‘buy’ for Yangzijiang
Zhang has worked as marketing manager, deputy general manager, and vice-president at Dalian Shipbuilding Industry, a subsidiary of CSIC, before becoming CSIC’s administrative deputy general manager.
Yangzijiang is the largest private shipyard in China, with an orderbook of 102 vessels.