{"id":8301,"date":"2011-06-20T08:40:46","date_gmt":"2011-06-20T00:40:46","guid":{"rendered":"http:\/\/www.chinacsr.com\/en\/?p=8301"},"modified":"2011-06-20T08:40:46","modified_gmt":"2011-06-20T00:40:46","slug":"mengnius-founder-leaves-corporate-role-for-philanthropy-in-china","status":"publish","type":"post","link":"https:\/\/www.chinacsr.com\/en\/2011\/06\/20\/8301-mengnius-founder-leaves-corporate-role-for-philanthropy-in-china\/","title":{"rendered":"Mengniu's Founder Leaves Corporate Role For Philanthropy In China"},"content":{"rendered":"

Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors.<\/p>\n

According to a report published by Inner Mongolia-based Mengniu Dairy, Ning Gaoning, chairman of Cofco, has been appointed new chairman of Mengniu.<\/p>\n

Mengniu's report stated that Niu plans to spend most of his time in charity-related work. Therefore, he resigned his position as chairman effective from June 10, 2011. He will hold the position of non-executive of Mengniu and will continue to participate in the strategic planning of the group.<\/p>\n

In addition, Mengniu's board of directors announced a few other appointments, including appointing deputy chairman, non-executive director and chairman of Cofco Ning Gaoning as chairman of Mengniu; and appointing non-executive director Yu Xubo as deputy chairman of Mengniu.<\/p>\n

In July 2009, Cofco Group set up a new joint venture, in which Cofco holds a 70% stake. The JV then became the largest investor of Mengniu and Cofco gained three non-executive positions in the board of directors of Mengniu.<\/p>\n

Public documents show that Niu founded Mengniu in 1999 and he established a foundation engaged in social welfare charity in 2004. In January 2005, Niu donated all his shares of Mengniu; in February 2006, he resigned his position as president of Mengniu Group to focus more on charity work; and in August 2009, he resigned his position as chairman of Mengniu Group and became a full-time philanthropist.<\/p>\n","protected":false},"excerpt":{"rendered":"

Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[1902,2107,123,916,1982,2453,98,6676],"class_list":["post-8301","post","type-post","status-publish","format-standard","hentry","category-business","tag-cofco","tag-dairy","tag-inner-mongolia","tag-joint-venture","tag-jv","tag-mengniu","tag-milk","tag-niu-gensheng"],"acf":[],"yoast_head":"\nMengniu's Founder Leaves Corporate Role For Philanthropy In China - ChinaCSR.com - Corporate Social Responsibility (CSR), Business Intelligence, and Sustainability News for China<\/title>\n<meta name=\"description\" content=\"Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors. 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