You are here

UPDATE 2-China's Sinograin names COFCO's Chi as general manager

(Adds Chi to leave COFCO deputy GM role, no comment from COFCO International)

BEIJING, Oct 24 (Reuters) - China's Sinograin said on Thursday that Jingtao (Johnny) Chi had been appointed its general manager after previously working as an executive at fellow state-owned grain firm COFCO Corp.

The appointment was announced at a meeting held by Sinograin on Tuesday, according to a statement on the website of the company, which manages China's state reserves of corn, wheat and soybeans.

Chi has left his role as deputy GM at COFCO, the statement said.

It did not mention his position as chairman of COFCO International, the overseas trading arm of the group, a role he took up late last year after previously serving as chief executive.

A COFCO International spokesman declined to comment on whether Chi would be replaced as chairman.

Chi has been heavily involved in COFCO's overseas expansion in recent years, leading the integration of trading firms Nidera and Noble Agri after their acquisition by COFCO for over $3 billion.

He has notably set out plans to step up investments in Brazil and to double its grain sourcing in the Black Sea export region that encompasses Russia and Ukraine.

Executives have previously moved between Sinograin and COFCO.

Lu Jun, previously Sinograin chairman, became COFCO chairman in July, 2018. (Reporting by Hallie Gu and Dominique Patton in Beijing; additional reporting by Gus Trompiz in Paris; editing by Toby Chopra and Jason Neely)

© Copyright Thomson Reuters 2019. Click For Restrictions -

Read more about

Tip of the Day

Burn Barrel on Wheels Will Save you Time

burn barrel cart Instead of bringing what you need to burn to a fixed location, push the burn barrel to the nearest safe location by mounting it on a caddy.

Talk in Marketing