Reborn in Hong Kong as a Tycoon

Chapter 187 Board Reorganization

On Thursday morning, Lin Baicheng held a board meeting at Hutchison Whampoa.

There has been a major change in the personnel participating in the board of directors this time. Bob, the director of Jardine, and the director of the Qi Dezun family all have no shares in Hutchison Whampoa, so they will not come directly; Li Chaxin and Chen Xinghan resigned automatically. They also knew that the title of director would be revoked, so they simply didn't come.

When Li Chaxin and Chen Xinghan resigned from Hutchison Whampoa, they also took some staff with them. Fortunately, there were not many people, so it had an impact on the operation of Hutchison Whampoa in the first few days. After the corresponding position, it will not be affected.

The five directors did not come, but the original four directors Lin Baicheng, Wei Li, Xia Boyin and Wei Peter naturally came.Besides them, Lin Baicheng also called Cheng Yufeng and Yuan Tianfan.

Faced with Lin Baicheng's invitation, Yuan Tianfan replied to Lin Baicheng after two days, accepting the invitation and willing to become an honorary director of Hutchison Whampoa.

Lin Baicheng first kicked out five directors, including Richard Richard and Chen Xinghan, from the board of directors, and then talked about other things.

"I am here today to formally reorganize the board of directors of Hutchison Whampoa. There are still nine directors in total. Among them, the management has four directors, and I have one. Then I will hire two honorary directors, and the remaining two will be It is reserved for other major shareholders who hold more shares. As for who it will be given to, it will depend on who wants to apply to join the board of directors, and then decide whether to let any shareholder in."

"Honorary directors do not manage any affairs of the company, and at the same time cannot probe into the company's commercial secrets. They only offer constructive advice on the company's development and are responsible to all shareholders."

"This is Yuan Tianfan, you all know him, he will be the first honorary director invited by the company."

Lin Baicheng said aloud that he had actually communicated with Cheng Yufeng and Wei Li about this, and Xia Boyin and Wei Peter were not very clear about it. They only knew beforehand that Lin Baicheng was going to reorganize the board of directors.

Yuan Tianfan got up and greeted the others: "Hello, directors, I will do my best for the development of the company in the future."

"The four management positions, Wei Li, Xia Boyin, and Wei Peter, you three still occupy three positions, and I plan to ask Yufeng to fill up the remaining director position."

Of course, Lin Baicheng has to arrange his own people on the board of directors. Wei Li, Xia Boyin and Wei Peter are not actually his direct descendants, but as long as they act honestly, Lin Baicheng will not go to war to replace them.

For Lin Baicheng, time is on his side. After all, he holds the most shares in Hutchison Whampoa. As time goes by, Hutchison Whampoa will naturally bear his mark.Some old management will leave slowly, and he can also slowly replace his people and make a steady handover.

Lin Baicheng made Cheng Yufeng a director, and Wei Li and the others naturally would not object. This is Lin Baicheng's right, and they also know that Lin Baicheng will definitely promote his people, which is normal.

"Yes, Mr. Lin!"

Cheng Yufeng stood up and responded. Although he knew about this before, he was still a little excited.This is Hutchison Whampoa, one of the largest companies in Hong Kong. To be able to become the director and management of Hutchison Whampoa, at his current age, is definitely a step up to the sky.

Lin Baicheng said to Wei Li: "The remaining honorary director, Wei Li, you can discuss who you think is better to invite to become an honorary director. Remember, the person you invite must be beneficial to the development of the company, and you have to start from this point. "

"Mr. Lin, what do you think of inviting retired high-ranking politicians?"

"Although they have retired from politics, they still have connections that are good for the company's development," Wylie said.

Lin Baicheng listened and said: "I personally don't mind inviting such people to become honorary directors of the company, but you have to remember that the people we want to invite are to contribute to the development of the company, not the kind who take money to name themselves."

Wei Li explained: "Mr. Lin can rest assured that this situation is actually very common in Western countries. Many large companies will invite retired senior executives from political circles to become honorary directors or consultants of the company, and then use political connections to build bridges for the company. , to help the company grow.”

Lin Baicheng nodded: "Okay, you will screen the specific personnel and let me know when you decide who it is."

"understand!"

Wei Li and others responded.

Lin Baicheng continued: "Regarding the positions of Richard Richard and Chen Xinghan, I intend to let Xia Boyin and Wei Peter take over the positions of Richard Richard and Chen Xinghan respectively as vice presidents of the company. However, the company's business related to the retail industry will be handed over to Yufeng manages, that is, several companies such as Watsons."

Although Cheng Yufeng was also the vice president of the company before, he did not manage specific affairs. After this time, he will be in charge of Hutchison Whampoa's retail business and develop Watsons.

Both Xia Boyin and Wei Peter were very happy when they heard the words, and said that they would help Wei Li to develop the company well and live up to Lin Baicheng's trust and so on.

As for the original positions of Xia Boyin and Wei Peter, they definitely cannot be concurrently employed. Lin Baicheng will choose someone he is satisfied with from among the few candidates who are qualified for the relevant positions.

Lin Baicheng told him about Cheng Yufeng's arrangement, so Cheng Yufeng was not too excited this time, but he knew very well that if he did not develop the company's retail business in the next few years, he would definitely will be labeled as 'incompetent'.

Lin Baicheng said aloud: "Wei Li, after all the 1700 million shares are sold, the funds recovered will be mainly used to develop the real estate industry and retail industry, and other businesses such as import and export trade, warehouses, and docks. It’s better to do what you want to do. Just remember that the real estate industry and retail industry and their related industries should be developed first.”

Wei Li replied: "Mr. Lin, don't worry, we will make a good plan."

"Although the remaining 1000 million shares will not be rewarded at the end of the year, they will be rewarded according to your contribution, but the future of the company is obvious to all, so you must do your best."

Lin Baicheng painted the cake and asked Wei Li and the others to work hard, but the cake was something that could be seen and eaten.

Wei Li and the others still eat this set. After all, it is related to their ability to earn more income, and no one would dislike their earning more.

Afterwards, Wei Li suggested that the company made a lot of money from investment, and it was necessary to hold a celebration party and invite people from all walks of life to participate.

Lin Baicheng didn't object after hearing this, and asked Wei Li to arrange preparations, and he would attend when the time came.

The board of directors this time did not have much impact on Hutchison Whampoa itself, mainly because it strengthened Lin Baicheng's control over Hutchison Whampoa.

　(Thanks to 'Rookie Luo Jian' for his great support!)
　　
　
(End of this chapter)