Foshan lighting change coach "airborne soldiers" Pan Jie can be competent?
Zhong Xincai, the founder of Foshan Lighting (000541.SZ), once known as the "Chinese Light King", retired as a 70-year-old. From the United States General Electric (GE) "over the file" Pan Jie on the 28th officially replaced Zhong Xincai as the chairman of Foshan Lighting, he will shoulder the responsibility of Foshan Lighting to LED transformation.
3 years ago, he had thrown a hydrangea to Pan Jie.
Dou Linping, secretary general of the China Lighting Society, revealed that Foshan Lighting had talked with Pan Jie three years ago and wanted to invite him to be the executive of Foshan Lighting.
Pan Jie, 42, is the general manager of GE Asia Lighting. He later served as CEO of Asia Pacific in an American electronics company. He returned to GE in 2011. He is the head of GE Energy Asia Pacific and the CEO of Water Treatment Group Greater China. . Dou Linping believes that Pan Jie not only has rich management experience, but also familiar with the lighting industry and the electronics industry, which will help Foshan Lighting to transform into LED.
Concerning the fear of "airborne troops", Dou Linping said that Foshan Lighting's major shareholders have reached a consensus. In the future, the chairman's position is the convener of the company's board of directors. Pan Jie's responsibilities focus on the top-level design for Foshan Lighting's industrial transformation. Accelerate the company's transformation to LED. The company implements the general manager responsibility system, and is responsible for the specific operation of Liu Xingming, vice chairman and general manager of Foshan Lighting.
On May 28th, the Foshan Lighting Board of Directors also had an “interludeâ€, and two representatives of Foshan Lighting’s major shareholder Osram voted abstained when they elected Pan’s outstanding chairman. The outside world is suspicious whether Foshan Lighting has internal contradictions.
In this regard, Dou Linping said that the Germans have always been rigorous, and the two representatives of Osram abstained from voting, mainly because of the differences in the understanding of Foshan Lighting’s recently announced terms of appointment. Other members of the Board of Directors considered that these were reference conditions and that the representative of OSRAM considered it a necessary condition. In these five conditions, Pan Jie is mostly in line with the only lack of experience in the Chinese capital market. "It is difficult to find people who meet all the conditions, so the representative of OSRAM did not vote against it."
Foshan Lighting, which was taken care of by Zhong Xincai, was once described as a “cash cow†and has performed well for many years and has a high dividend. Last year, Zhong Xincai was in a “storm eye†because he did not disclose his company’s related transactions with Foshan Lighting in time. Later, Foshan Lighting made relevant information disclosure, and the storm was calmed down.
In order to avoid suspicion, the company of Zhongxincai’s two sons and Foshan Lighting have now closed the related transactions.
"Zhong Xincai stepped down and has nothing to do with last year's business." Dou Linping said that he had designed a 70-year-old retirement, and now he is doing it.
For Zhong Xincai, who once wanted to promote Foshan Lighting MBO (management shareholding), retirement may bring some regrets.
Transformation has a long way to go
Zhang Hongbiao, research director of the High-tech LED Industry Research Institute, believes that Foshan Lighting will have a good life for a year or two, but if it is not transformed in time, it will be completely different in five years. Because the main products of Foshan Lighting are energy-saving lamps, the output of incandescent lamps also accounts for a large proportion. In order to save energy and reduce emissions, China has begun to gradually ban the use of incandescent lamps, and vigorously promote LED lighting. A few years ago, due to factors such as internal struggle, Foshan Lighting's transition to LED was relatively slow. If we do not accelerate the transition this year, it is estimated that its channels will be gradually differentiated by other LED companies.
Foshan Lighting experienced a twists and turns in the transformation of LED, and closed a LED joint venture last year. This year, the company has increased its investment, and the output of LED downlights, bulbs, tunnel lights and street lamps has gradually increased. However, its competition with Osram's peers is still a hidden worry.
Dou Linping said that Osram changed people from headquarters, Asia Pacific to Greater China last year, and the new recruits are more inclined to cooperate. Osram is one of the world's largest LED chip suppliers, and Foshan Lighting is more focused on the production of LED lighting products, the future cooperation space will increase. OSRAM can provide LED chips and increase the intensity of processing LED lamps for Foshan Lighting.
In Zhang Hongbiao's view, as a "new entrant", Pan Jie's short-term solution to the differences between Foshan Lighting shareholders is more difficult. But his strength lies in the experience of multinational companies, which helps the board to unify opinions and strengthen the export business of Foshan Lighting.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
3 years ago, he had thrown a hydrangea to Pan Jie.
Dou Linping, secretary general of the China Lighting Society, revealed that Foshan Lighting had talked with Pan Jie three years ago and wanted to invite him to be the executive of Foshan Lighting.
Pan Jie, 42, is the general manager of GE Asia Lighting. He later served as CEO of Asia Pacific in an American electronics company. He returned to GE in 2011. He is the head of GE Energy Asia Pacific and the CEO of Water Treatment Group Greater China. . Dou Linping believes that Pan Jie not only has rich management experience, but also familiar with the lighting industry and the electronics industry, which will help Foshan Lighting to transform into LED.
Concerning the fear of "airborne troops", Dou Linping said that Foshan Lighting's major shareholders have reached a consensus. In the future, the chairman's position is the convener of the company's board of directors. Pan Jie's responsibilities focus on the top-level design for Foshan Lighting's industrial transformation. Accelerate the company's transformation to LED. The company implements the general manager responsibility system, and is responsible for the specific operation of Liu Xingming, vice chairman and general manager of Foshan Lighting.
On May 28th, the Foshan Lighting Board of Directors also had an “interludeâ€, and two representatives of Foshan Lighting’s major shareholder Osram voted abstained when they elected Pan’s outstanding chairman. The outside world is suspicious whether Foshan Lighting has internal contradictions.
In this regard, Dou Linping said that the Germans have always been rigorous, and the two representatives of Osram abstained from voting, mainly because of the differences in the understanding of Foshan Lighting’s recently announced terms of appointment. Other members of the Board of Directors considered that these were reference conditions and that the representative of OSRAM considered it a necessary condition. In these five conditions, Pan Jie is mostly in line with the only lack of experience in the Chinese capital market. "It is difficult to find people who meet all the conditions, so the representative of OSRAM did not vote against it."
Foshan Lighting, which was taken care of by Zhong Xincai, was once described as a “cash cow†and has performed well for many years and has a high dividend. Last year, Zhong Xincai was in a “storm eye†because he did not disclose his company’s related transactions with Foshan Lighting in time. Later, Foshan Lighting made relevant information disclosure, and the storm was calmed down.
In order to avoid suspicion, the company of Zhongxincai’s two sons and Foshan Lighting have now closed the related transactions.
"Zhong Xincai stepped down and has nothing to do with last year's business." Dou Linping said that he had designed a 70-year-old retirement, and now he is doing it.
For Zhong Xincai, who once wanted to promote Foshan Lighting MBO (management shareholding), retirement may bring some regrets.
"Association trading door" to help retreat?
“We also met Zhong Zong when I visited Foshan Lighting last month. When he introduced the new LED business, he was excited to be like a child. He is a very respected, very dedicated and dedicated person in the industry. I didn’t expect it. Wu Yulin, president of Foshan Lighting Association, said that this year is the fastest year for Foshan Lighting to promote its LED business. Zhong Xincai’s retreat should be the result of long-term thinking, but the outside world feels awkward.
"Older" is the best rhetoric that Zhong Xincai retired. As early as last April, when Zhong Xincai resigned as general manager, he said to the media: "I am 69 years old and should let young people do it." Among the listed companies, the 71-year-old is still rare. The outside world, including some investors, linked the retreat of the clock to the “related transaction door†incident in Foshan Lighting.
In March of this year, the Guangdong Regulatory Bureau of the China Securities Regulatory Commission issued an administrative penalty decision letter to Foshan Lighting, which issued a fine for the incident of the related transactions of Zhong Xincai’s family members in Foshan Lighting last year and the uncovered violations of the hidden guarantees in 2010. Zhong Xincai was given a warning and was fined 150,000 yuan.
The exposed more than 10 relatives of Zhong Xincai, who were exposed, no longer had a related transaction with Foshan Lighting. Mr. Huang, a former Foshan lighting distributor, said, “Now Foshan Lighting has been transformed into LEDs. The original supply chain represents a chain of interests that must be re-constructed and shuffled. Moving forward.†Mr. Huang speculated that the related party transaction is likely to aggravate the retreat of Zhong Xincai.
But the timing and the real reason for resignation, Zhong Xincai has always remained silent.
“We also met Zhong Zong when I visited Foshan Lighting last month. When he introduced the new LED business, he was excited to be like a child. He is a very respected, very dedicated and dedicated person in the industry. I didn’t expect it. Wu Yulin, president of Foshan Lighting Association, said that this year is the fastest year for Foshan Lighting to promote its LED business. Zhong Xincai’s retreat should be the result of long-term thinking, but the outside world feels awkward.
"Older" is the best rhetoric that Zhong Xincai retired. As early as last April, when Zhong Xincai resigned as general manager, he said to the media: "I am 69 years old and should let young people do it." Among the listed companies, the 71-year-old is still rare. The outside world, including some investors, linked the retreat of the clock to the “related transaction door†incident in Foshan Lighting.
In March of this year, the Guangdong Regulatory Bureau of the China Securities Regulatory Commission issued an administrative penalty decision letter to Foshan Lighting, which issued a fine for the incident of the related transactions of Zhong Xincai’s family members in Foshan Lighting last year and the uncovered violations of the hidden guarantees in 2010. Zhong Xincai was given a warning and was fined 150,000 yuan.
The exposed more than 10 relatives of Zhong Xincai, who were exposed, no longer had a related transaction with Foshan Lighting. Mr. Huang, a former Foshan lighting distributor, said, “Now Foshan Lighting has been transformed into LEDs. The original supply chain represents a chain of interests that must be re-constructed and shuffled. Moving forward.†Mr. Huang speculated that the related party transaction is likely to aggravate the retreat of Zhong Xincai.
But the timing and the real reason for resignation, Zhong Xincai has always remained silent.
International team reshapes Foshan lighting?
An industry insider who has contact with Foshan Lighting said that Foshan Lighting has been operating the cost-controlled business model for many years. At present, the entire management team is mostly "old ministers." "Now LED lighting replaces traditional energy-saving lamps, it is a new era, and Foshan Lighting's internationalization pace is still relatively slow. It requires a manager with an international vision of GE's resume. Pan Jie may bring new to Foshan Lighting. Blood does not even exclude overseas mergers."
In fact, along with Pan Jie, there is another company director, Yang Jianhu, and financial director Yin Jianchun, both of whom are from General Electric. Yang Jianhu is a Ph.D. in Optoelectronic Materials Science at the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences. In May 2009, he served as Technical Director of General Electric Hangzhou Times Lighting Co., Ltd. Yin Jianchun previously served as Director of Global Financial Planning Analysis for the Energy Electronics Division of the General Electric Group.
"The chief financial officer is an important position. Pan Jie is not alone. Only the team can let Pan Jie display his own strategy and philosophy. But the future of Foshan Lighting, the market has the final say." The industry person who asked not to be named said According to his observation, in addition to challenging LEDs in the business LED and new energy vehicles, Foshan Lighting first faced the game of internal interests, and did not rule out the role of Pan Jie’s spokesperson for a period of time.
"In fact, the outside is also good inside. Whoever is the chairman will not bring turmoil to the operation of the company. Before Foshan Lighting had some resignation and appointment and dismissal, there was no turmoil in the daily operation and strategic decision of Foshan Lighting. —— ——A middle-level employee of Foshan Lighting
"Zhong Zong and the major shareholder Zhuang Jianyi had contact with Pan Jie before. There was no time for exchanges and sufficient trust in the ability. The chairman of the board would not easily hand over to outsiders." - Foshan Lighting, a middle-level employee
An industry insider who has contact with Foshan Lighting said that Foshan Lighting has been operating the cost-controlled business model for many years. At present, the entire management team is mostly "old ministers." "Now LED lighting replaces traditional energy-saving lamps, it is a new era, and Foshan Lighting's internationalization pace is still relatively slow. It requires a manager with an international vision of GE's resume. Pan Jie may bring new to Foshan Lighting. Blood does not even exclude overseas mergers."
In fact, along with Pan Jie, there is another company director, Yang Jianhu, and financial director Yin Jianchun, both of whom are from General Electric. Yang Jianhu is a Ph.D. in Optoelectronic Materials Science at the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences. In May 2009, he served as Technical Director of General Electric Hangzhou Times Lighting Co., Ltd. Yin Jianchun previously served as Director of Global Financial Planning Analysis for the Energy Electronics Division of the General Electric Group.
"The chief financial officer is an important position. Pan Jie is not alone. Only the team can let Pan Jie display his own strategy and philosophy. But the future of Foshan Lighting, the market has the final say." The industry person who asked not to be named said According to his observation, in addition to challenging LEDs in the business LED and new energy vehicles, Foshan Lighting first faced the game of internal interests, and did not rule out the role of Pan Jie’s spokesperson for a period of time.
"In fact, the outside is also good inside. Whoever is the chairman will not bring turmoil to the operation of the company. Before Foshan Lighting had some resignation and appointment and dismissal, there was no turmoil in the daily operation and strategic decision of Foshan Lighting. —— ——A middle-level employee of Foshan Lighting
"Zhong Zong and the major shareholder Zhuang Jianyi had contact with Pan Jie before. There was no time for exchanges and sufficient trust in the ability. The chairman of the board would not easily hand over to outsiders." - Foshan Lighting, a middle-level employee
Transformation has a long way to go
Zhang Hongbiao, research director of the High-tech LED Industry Research Institute, believes that Foshan Lighting will have a good life for a year or two, but if it is not transformed in time, it will be completely different in five years. Because the main products of Foshan Lighting are energy-saving lamps, the output of incandescent lamps also accounts for a large proportion. In order to save energy and reduce emissions, China has begun to gradually ban the use of incandescent lamps, and vigorously promote LED lighting. A few years ago, due to factors such as internal struggle, Foshan Lighting's transition to LED was relatively slow. If we do not accelerate the transition this year, it is estimated that its channels will be gradually differentiated by other LED companies.
Foshan Lighting experienced a twists and turns in the transformation of LED, and closed a LED joint venture last year. This year, the company has increased its investment, and the output of LED downlights, bulbs, tunnel lights and street lamps has gradually increased. However, its competition with Osram's peers is still a hidden worry.
Dou Linping said that Osram changed people from headquarters, Asia Pacific to Greater China last year, and the new recruits are more inclined to cooperate. Osram is one of the world's largest LED chip suppliers, and Foshan Lighting is more focused on the production of LED lighting products, the future cooperation space will increase. OSRAM can provide LED chips and increase the intensity of processing LED lamps for Foshan Lighting.
In Zhang Hongbiao's view, as a "new entrant", Pan Jie's short-term solution to the differences between Foshan Lighting shareholders is more difficult. But his strength lies in the experience of multinational companies, which helps the board to unify opinions and strengthen the export business of Foshan Lighting.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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