Sinopec Has Personnel Replacements

Sinopec, China's biggest oil refiner, yesterday said they had replaced three senior officials.

Zhang Jiaren, 61, and Cao Xianghong, 60, resigned from the positions of senior vice-presidents of the company, because of "old age," and Li Chunguang left the post of senior president for "work reallocation," Sinopec yesterday said in a company statement.

And accordingly, Cai Xiyou 44, former vice-president of Sinopec Group has been promoted to senior vice-president, and Dai Houliang, former CFO (chief financial officer) and Zhang Haichao, former deputy general-manager of Sinopec Sales Co Ltd, are to become the vice-presidents of Sinopec.

Company officials yesterday said the Sinopec Group would maintain its long-term development strategy and work to become one of the world's leading oil companies integrating both the upstream and downstream sectors, to rival BP, ExxonMobil and Shell.