Chalco Chairman Lu Dongliang resigns from his position

Aluminum Corp of China Ltd, Chalco, declared on 14th May’20 that its Chairman Lu Dongliang had resigned from his position.

The previous President of the company Ao Hong has been put in temporary charge.

Lu Dongliang has informed the board of Chalco, the listed arm of state-owned aluminium firm Chinalco that he was stepping down as Chairman and Director due to a work re-allocation, according to company filings to the Hong Kong stock exchange, which said the resignation was effective immediately.

A spokesperson of the group said: “Lu, 46, has also left his position as vice president of Chinalco.” Though it was not immediately clear what would be Lu’s next career move.

He has been the explorer of Chalco’s Boffa bauxite project in Guinea. His rise was rapid through the ranks at the company, becoming president in February 2018 and earning promotion to the top job of chairman only 12 months later.

Lu’s resignation comes ahead of China’s annual meeting of parliament beginning on 22nd May’20. The gathering in Beijing, taking place later than usual due to the coronavirus outbreak, often coincides with a reshuffle of personnel in key government positions and state-run enterprises.

Chalco stated that to ensure normal operations it had appointed Ao Hong, 58 who served as president of the company until 2018 and remained a director, as acting chairman until a successor to Lu is elected by the board.

Chalco said, praising his extraordinary performance to the firm: “During his term of office, Mr Lu was diligent and responsible, and strived for reform and innovation in carrying out effective work for the company’s transformation and upgrading, reform and development.”

source https://www.alcircle.com/news/chalco-chairman-lu-dongliang-resigns-from-his-position-55807