16 Aug 2018,
  • HSI:
    28,359.14 110.26 (0.39%)
    HSCI:
    10,901.18 35.08 (0.32%)
    HKSPLC25:
    36,913.94 212.81 (0.58%)
    HKSPGEM:
    197.98 -0.41 (-0.21%)
  • HSCEI:
    10,901.18 35.08 (0.32%)
    HSCCI:
    4,238.93 -6.66 (-0.16%)
    HSFML25:
    9,725.64 20.33 (0.21%)
    H-FIN:
    16,524.08 22.99 (0.14%)
  • Hang Seng Index
  • 28,359.14

  • 110.26 (0.39%)
HSCI 10,901.2 35.1
HKSPLC25 36,913.9 212.8
HKSPGEM 198.0 -0.4
HSCEI 10,901.2 35.1
HSCCI 4,238.9 -6.7
HSFML25 9,725.6 20.3
H-FIN 16,524.1 23.0
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China Mengniu Dairy Company Limited (02319.HK)

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China Mengniu Dairy Company Limited and its subsidiaries manufacture and distribute quality dairy products in China. It is one of the leading dairy product manufacturers in China, with MENGNIU as its core brand. Mengniu’s diversified products range includes liquid milk products (such as UHT milk, milk beverages and yogurt), ice cream, milk formula and other dairy products (such as cheese). By the end of June 2017, the Group’s annual production capacity reached 9.00 million tons. In March 2014, Mengniu became a Hang Seng Index constituent, making it the first blue chip Chinese dairy product manufacturer.
+ More Company Profile

Mr. LUO Yan -

Mr. Luo Yan, aged 56, joined the Group in November 2017 and is now serving as a vice president of the new business division. Mr. Luo graduated from China Textile University and Fudan University, and obtained a Bachelor’s Degree in Textile Engineering and a Master’s Degree in Business Administration respectively. Mr. Luo joined General Mills China as national sales director in 1999; he held the position of vice president (Greater China) in 2008 and was responsible for overseeing Wanchai Ferry Business Department in the Greater China region and sales in China region. In 2013, Mr.Luo took up the role as the global business director of Häagen-Dazs at General Mills Minnesota Headquarters. He continued to be the vice president (Greater China) of General Mills in 2014, and was responsible for the sales in China Region as well as the retail and food and beverage business department of Häagen-Dazs.

Mr. WEN Yongping -

Mr.  Wen Yongping,  aged 43, joined the Group in 1999 and is currently a vice president of the Group and the general manager of the milk sources business department. Mr. Wen graduated from Inner Mongolia Agricultural University and obtained a Master Degree of Food Engineering. Mr. Wen once served as the general manager of production direction centre, operations assistant vice president and milk sources vice president in the Group, and is experienced in production and operations management and milk sources management. Mr. Wen is also a non-executive director of China Modern Dairy, a company listed in Hong Kong.

Mr. ZHANG Zhaoxu -

Mr. Zhang Zhaoxu,  aged 44, joined the Group in July 2017, and is now serving as vice president of human resources. He graduated from Southeast University and Tianjin University and obtained a Bachelor’s Degree in Engineering and a Master’s Degree in management respectively. Mr. Zhang joined various enterprises in the Fortune Global 500 between 1996 and 2012, and assumed management role in human resources. In 2013, he joined China Fortune Land Development Co., Ltd as the general manager of human resources centre of City Developments Group. He joined Glaxosmithkline (China) Investment Co. Ltd as human resources director of consumer healthcare products business (China region) in 2015.

Mr. YU Weizu -

Mr.  Yu Weizu,  aged 51, joined the Group in June 2017, and is now serving as vice president in research and development and innovation. He graduated from the University of Minnesota and Seton Hall University in the United States, and obtained a Doctoral Degree in Food Science and Master’s Degree in Business Administration respectively. Mr. Yu joined the Shanghai Institute of Botany of the Chinese Academy of Sciences after graduation from Fudan University in 1986; and he worked as a scientist and research and development director in companies like PepsiCo Group, Dupont, Kraft, etc. in the United States from 1994 to 2009; he joined BIMBO as vice president of research and development in 2009; he was selected as the distinguished expert of the Thousand Talents Plan and joined COFCO as chief scientist of Nutrition Health Research Institute in 2012; he joined Ingredion Group as the vice president of research and development in 2014.

Mr. YANG Zhigang -

Mr. Yang Zhigang,  aged 45, joined the Group in June 2017, and is now serving as vice president of safety and quality management. He graduated from Huazhong Agricultural University and Central China Normal University, and obtained a Bachelor’s Degree in Food Technology and Engineering and a Master’s Degree in Economics respectively. Mr. Yang joined Hubei Entry-Exit Inspection and Quarantine Bureau as deputy section manager, section manager and deputy director of the office in 1995; and he joined the registration and administration department of Certification and Accreditation Administration of the People’s Republic of China as researcher, department head and vice inspector in 2002; he joined COFCO as general manager and vice director of the quality and safety management department, vice director of the audit and legal risk control department in 2013.


 

Mr. ZHANG Yong -

Mr. Zhang Yong, aged 41, joined the Group in September 2017, and is now serving as vice president of strategic management. Mr. Zhang graduated from Nanjing University and Duke University in the United States and obtained a Bachelor’s Degree in Biology and a Master’s Degree in Business Administration respectively. Mr. Zhang joined P&G company as assistant brand manager of marketing department in 1996; he joined Reckitt Benckiser (China) Co. Ltd. as marketing manager in 2000 while joining Boston Consulting Group as project manager in 2006; in 2010, he worked as the strategic executive director of Greater China region upon joining Starbucks Corporate Management Company Limited and he joined Booz & Company in 2010 as director in Greater China region; he joined McKinsey & Company as global vice managing partner in 2014; in 2015, he joined Sanpower Group as vice president.

Mr. Jeffrey, Minfang Lu - Executive Director

Mr. Lu Minfang,  aged 49, was appointed as an executive director and the chief executive officer of the Company in September 2016. Mr. Lu is the chairman and a non-executive director of Yashili International Holdings Ltd (“Yashili”), a subsidiary of the Company listed in Hong Kong and the chairman and a non-executive director of China Modern Dairy, an associate of the Company listed in Hong Kong. He was the chief executive officer and an executive director of Yashili before his appointment as chairman of the board of directors of Yashili. Mr. Lu was also a director of each of following subsidiaries of Yashili, namely Yashili International Ltd., Yashili International Group Limited, Newou Hong Kong International Co., Limited and Scient International Group Limited. Mr. Lu has been the Vice President (Greater China) of Danone Early Life Nutrition Greater China and had been with Danone Group and Dumex Baby Food Co. Ltd. for over 10 years. During his tenure at Danone Group, he demonstrated strong strategic business and market planning capabilities. With strong leadership, management skills and in-depth knowledge of markets, Mr. Lu contributed significantly to the success of Danone Group’s baby nutrition business in China. Prior to joining Danone Group, Mr. Lu spent 9 years with Johnson & Johnson (China) Company Limited and almost 4 years with General Electric Company (China). Mr. Lu has over 18 years of experience in sales and marketing and has been serving in general manager or senior executive level roles for over 7 years. Mr. Lu has extensive experience in the management of fast moving consumer products and dairy companies and has an excellent grasp and the in-depth knowledge of the PRC market. Mr. Lu obtained his Bachelor’s degree from Fudan University in Shanghai.

Ms. Wu Wenting - Executive Director

Ms. Wu Wenting,  aged 54, was appointed as an executive director of the Company in September 2016. Ms. Wu was the executive deputy general manager and the chief financial officer of China Foods Limited, a company listed in Hong Kong, until September 2016. Ms. Wu joined COFCO Group in 1992 and was the director of the Audit and Discipline Department of COFCO Corporation from 2006 to March 2014. Ms. Wu also held various positions in COFCO Group, including the deputy general manager of the Finance Department of China Liang Feng Grains Import & Export Company from 1994 to 2000 and the general manager of the Finance Department of COFCO Oils & Grains Co., Ltd. from 2000 to 2006. Ms. Wu holds a Bachelor of Arts degree in economics from Beijing Technology and Business University and a Master of Arts degree in professional accounting from Central University of Finance and Economics and has extensive experience in financial management and auditing.
 

Mr. Ma Jianping - Chairman and Non-executive Director

Mr.  Ma Jianping,  aged 54, was appointed as a non-executive director and the chairman of the board of directors of the Company in February 2016. Mr. Ma joined COFCO Corporation and/or its subsidiaries (“COFCO”) in 1986 and is currently a vice president of COFCO Corporation. Mr. Ma holds several directorships in certain subsidiaries of COFCO. Mr. Ma is also the chairman of the board and a non-executive director of China Foods Limited, a company listed in Hong Kong. Mr. Ma was a director of COFCO Property (Group) Co., Ltd., a company listed in Shenzhen, up to December 2016. He was also a non-executive director of Joy City Property Limited up to January 2017 and was the chairman of the board and a non-executive director of COFCO Meat Holdings Limited up to January 2018, both companies listed in Hong Kong. Mr. Ma was also a non-executive director of the Company during the period from August 2009 to March 2014.

Mr. Ma graduated from University of International Business and Economics in China in July 1986 and subsequently received an Executive Master of Business Administration from the same university in December 2005, and he has extensive experience in strategic planning, corporate finance, investment and merger and acquisition, and business management.
 

Mr. Niu Gensheng - Non-Executive Director

Mr.  Niu Gensheng,  aged 60, is a non-executive director of the Company, one of the members in the team founding Yili Group, the founder of Inner Mongolia Mengniu Dairy (Group) Company Limited and the founder of Laoniu Foundation. Mr. Niu graduated from Inner Mongolia University with a degree in Administration and Management and obtained a Master’s degree in Enterprise Management from the Chinese Academy of Social Sciences Graduate School. With his extensive experience and insights in China’s dairy industry, Mr. Niu enjoys a high reputation in the industry. In 2007, Mr. Niu was elected as one of “China’s Most Influential Business Leaders” for the fifth consecutive year, and was honoured the “2007 Hong Kong Bauhinia Award.” Mr. Niu is devoted to charity. He was on the list of “China’s Top 10 Philanthropists” published by the Ministry of Civil Affairs of the PRC in 2007 and ranked third in the “2007 Hurun Top 10 for Charity”, and received the first and only “Lifetime Achievement in Philanthropy Award” presented by the “China Philanthropists List” in 2010.

Mr. Tim Ørting Jørgensen - Non-Executive Director

Mr.  Tim Ørting  Jørgensen,  aged 53, was appointed as a non- executive director of the Company in April 2016. He was a non- executive director of the Company during the period from July 2012 to September 2013. Mr. Jørgensen graduated from Copenhagen Business School in 1991 with a Master of Economics degree, specialising in international strategy and marketing. He joined Arla Foods amba (“Arla”) in 1991 and has held several management positions within Arla’s international business group, including a three year position in the Middle East and a three-year position in Brazil. In 2005, he became the business group director for Arla’s Danish division and in 2007, he was appointed as executive vice president, with the overall responsibility for Arla’s international activities outside Scandinavia and the United Kingdom. In 2012, he was appointed to lead Arla’s newly established German/ Dutch business group, with the clear objective of establishing Arla as a leading dairy company in Germany through mergers and acquisitions. Throughout his 27 years in Arla, Mr. Jørgensen has acquired extensive management experience within international sales, brand building, supply chain efficiency and general management. Mr. Jørgensen has especially been focused on growing the business significantly both organically and through acquisitions.
 

Mr. Pascal DE PETRINI - Non-Executive Director


Mr.  Pascal  De Petrini,  aged 58, was appointed as a non-executive director of the Company in December 2017. He is currently Senior Vice President and Non-Executive Chairman Asia at Danone. Mr. De Petrini has been working as senior management in the food and beverage industry for more than 30 years. His experience covers the full range of businesses, including sales and purchase, factory management, supply chain, among others. Mr. De Petrini joined Danone in 1984 and worked in France in the areas of project management, factory demand and supply planning, and sales as business development director and strategic committee member. From 1998 to 2002, Mr. De Petrini was the general manager of Danone’s biscuits business in China. Mr. De Petrini returned to Paris in 2002 to work in the headquarters of Danone as General Manager of Themis (global SAP program roll-out) until 2004. From 2004 to 2007, Mr. De Petrini worked in Indonesia as general manager of Aqua, a bottled water company of Danone. From 2007 to 2008, Mr. De Petrini worked as vice president of Danone’s water business in Asia Pacific and was responsible for the water and beverage business in China, Indonesia and New Zealand. From 2008 to 2011, Mr. De Petrini worked as vice president of Danone’s early life nutrition business in Asia Pacific and was responsible for ten countries in the region, including China. In 2011, Mr. De Petrini joined Fraser & Neave Ltd, a listed company engaged in the food and beverage business across the Asia Pacific region, as Chief Executive Officer until 2013, when he joined the Fonterra Cooperative Group Ltd as managing director of its businesses in Asia Pacific, Middle East & Africa. In 2015, Mr. De Petrini returned to Danone as Executive Vice President of Strategic Resource Cycles until shifting to his current role in 2017. He is also the chairman of Danone Ecosystem Fund and the board of Livelihood Fund for Family Farming, two important social innovation funds created by Danone. Mr. De Petrini graduated from École Nationale Supérieure des Mines de Nancy in France with a Master of Science in Engineering degree in 1981 and obtained a Master of Science in Management degree from ESSEC Business School in France in 1983.
 

Mr. Jiao Shuge (alias Jiao Zhen) - Vice-Chairman and Independent Non-Executive Director

Mr. Jiao Shuge (alias Jiao Zhen), aged 52, was appointed as a non-executive director of the Company in February 2004 and is a vice-chairman of the board of directors of the Company. Mr. Jiao was redesignated from a non-executive director of the Company to an independent non-executive director of the Company with effect from 12 April 2012. Mr. Jiao joined the Group in September 2002 and is currently a director and managing partner of CDH China Management Company Limited. Mr. Jiao received a bachelor’s degree in mathematics from Shandong University and a master’s degree in engineering from the No. 2 Research Institute of Ministry of Aeronautics and Astronautics. Currently, Mr. Jiao also serves as a non-executive director and deputy chairman of WH Group Limited and an independent non-executive director of China Southern Airlines Company Limited, both companies listed in Hong Kong, a director of Joyoung Company Limited and a director of Henan Shuanghui Investment & Development Co., Ltd., both companies listed in Shenzhen. Mr. Jiao was a non-executive director of China Shanshui Cement Group Limited, a company listed in Hong Kong, from 30 November 2005 to 16 May 2014.

 

Mr. Julian Juul Wolhardt - Independent Non-Executive Director

Mr.  Julian  Juul  Wolhardt,  aged 44, was appointed as a non- executive director of the Company in January 2006 and was redesignated from a non-executive director of the Company to an independent non-executive director of the Company with effect from 12 April 2012. Mr. Wolhardt is currently the chief executive officer of DCP Advisors, Limited focusing on private equity transactions in the Greater China region. Mr. Wolhardt was previously a partner at KKR Asia Limited and Morgan Stanley responsible for private equity business in China. Mr. Wolhardt is a certified public accountant and certified management accountant and received a Bachelor’s degree in accounting from the University of Illinois (Urbana-Champaign) in the United States. Mr. Wolhardt currently serves as a non-executive director of China Modern Dairy and a non-executive director of COFCO Meat Holdings Limited, both companies listed in Hong Kong. He was an independent non- executive director of China Cord Blood Corporation, a company listed on the New York Stock Exchange, from April 2012 to May 2015.


 

Mr. Zhang Xiaoya - Independent Non-Executive Director

Mr.  Zhang  Xiaoya,  aged 55, was appointed as an independent non-executive director of the Company in May 2009.  Mr. Zhang is a graduate of the Shandong University and the school of management at the Beijing University of Aeronautics and Astronautics and is a senior engineer. He is currently the chairman of Zhong Ding United Dairy Farming Co., Ltd (中鼎聯合牧業股份有限公司), as well as the chairman of Beijing Xindajiading Investment Company Limited (北京信達嘉鼎投資有限公司),  an independent non-executive director of New Focus Auto Tech Holdings Limited, a company listed in Hong Kong and an independent director of Guangzhou Zhujiang Digital Group (廣州珠江數碼集團).  Mr. Zhang previously served as a director and president of AirMedia Group Inc., a company listed on NASDAQ and the chairman of Unibank Media (銀廣通傳媒集團).
 

Mr. Yau Ka Chi - Independent Non-Executive Director

Mr. Yau Ka Chi, aged 60, was appointed as an independent non- executive director of the Company in October 2016. Mr. Yau has over 30 years of professional accounting experience including 20 years in serving China enterprises. He had worked for Ernst & Young for over 20 years in its Hong Kong, Toronto and Beijing offices with primary focus in providing professional services in accounting and audit, initial public offering, and corporate restructuring before retiring in September 2015. During his professional career with Ernst & Young, Mr. Yau was appointed as the Professional Practice Director of Greater China from July 2007 to June 2009, the Assurance Leader for Northern China Region from July 2010 to June 2014, the Oil & Gas Industry Leader of Greater China from May 2012 to June 2015 and the Assurance Leader of the Energy & Resources Markets Segment of Greater China from July 2013 to June 2015. Mr. Yau is currently an independent non-executive director of Yihai International Holding Ltd. and China Power International Development Limited, both companies listed in Hong Kong. Mr. Yau holds a professional diploma in company secretaryship and administration from the Hong Kong Polytechnic (now known as the Hong Kong Polytechnic University) and is a member of the American Institute of Certified Public Accountants, the Illinois Certified Public Accountants Society and the Hong Kong Institute of Certified Public Accountants. Mr. Yau also holds a certified public accountant license issued by the Illinois Department of Financial and Professional Regulation, the United States.
 

Mr. Zhang Ping -

Mr.  Zhang  Ping,  aged 53, graduated from Beijing Information Science and Technology University with a Master’s degree in Management Engineering. Mr. Zhang, who joined the Group in 2014, is currently the chief financial officer of the Group. He has over 24 years of experience in the fast-moving consumer goods industry, specializing in the management of operation, finance and audit as well as risk control. Mr. Zhang worked in Swire Beverages group companies as the manager of the internal audit and system development, the finance director, the general manager of its bottler manufacturing company and the chief executive officer of Coca-Cola Bottlers Manufacturing Holdings Limited. Mr. Zhang is also a non-executive director of Yashili and China Modern Dairy, both companies listed in Hong Kong.

Mr. Liu Shengli -

Mr.  Liu Shengli,  aged 53, is a vice president of the Group. Mr. Liu graduated from Dalian Fisheries University, and obtained a Master degree in Light Industry Technology and Engineering from Hubei University of Technology, then a Master’s degree in business administration from China Europe International Business School. Mr. Liu joined the Group in 2002. He served as the general manager of the marketing department of UHT milk division, the general manager of ice cream division, the assistant to the president and the vice president of the Group. He is currently responsible for the chilled products and the business development of the Group. He has been working in the dairy industry for almost 20 years and has extensive management experience and advanced management concepts in the dairy industry. Mr. Liu was honored as a “Labour Model of Hohhot” of Inner Mongolia in 2010.

 

Mr. Gao Fei -

Mr. Gao Fei, aged 41, is a vice president of the Group. Mr. Gao joined the Group in 1999, and successively held the positions of regional manager, center manager, sales director and general manager of the sales department and contributed to the rapid growth of the market share of Mengniu. Mr. Gao has abundant practical experience in the sales, marketing and promotion of dairy products. In 2016, he was appointed as the assistant vice president of the UHT business division. He is currently responsible for the operation and management of the core business of the Group. Mr. Gao obtained a Bachelor’s degree from Shandong University, then an Executive Master in Business Administration degree from Tsinghua University.

Mr. Shi Dongwei -

Mr.  Shi Dongwei,  aged 53, joined the Group in 2017 as vice president and is responsible for public affairs of the Group. Mr. Shi worked for the Ministry of Foreign Affairs of the PRC from 1989 to 2001. He then served as the director of global government affairs in China region of Lucent Technologies, Inc. in the United States, the vice president in China region of Agilent Technologies in the United States, the vice president of Starbucks Coffee Company and Alibaba Group. Mr. Shi has over 16 years of experience in public affairs. He graduated from the department of diplomacy in China Foreign Affairs University and received a bachelor’s degree in laws. He then obtained a master’s degree in diplomacy and trade from Monash University in Australia. He is also the part-time professor in the department of public administration of Chinese Academy of Governance.
 

+ More Board of Directors
Board Composition
The Board of the Company comprised ten Directors, including two executive Directors, four non-executive Directors and four independent non-executive Directors.

The Board is responsible for the leadership and management of the Company. Key responsibilities of the Board comprise formulation of the Group's overall strategies and policies, setting of performance and management targets, evaluation of business performance and supervision of management's performance. The management was delegated the authority and responsibility by the Board for the management and operations of the Group.
 
Board Committees
To oversee particular aspects of the Company's affairs and to assist in the execution of its responsibilities, the Company has established four Board Committees under the Board, namely the Audit Committee, the Remuneration Committee, the Nomination Committee and the Strategy and Development Committee, each of which is governed by specific terms of reference approved by the Board, covering its functions, duties and powers.
 
Audit committee
The Audit Committee comprises four independent non-executive Directors, in which one possesses the relevant professional qualifications required under the Listing Rules.

The Audit Committee serves as a focal point for communication between other directors, the external auditors, and the management as their duties relate to financial and other reporting, internal controls and the auditing. The Audit Committee assists the Board in fulfilling its responsibilities by providing an independent review of financial reporting and by satisfying themselves as to the effectiveness of the Company's internal controls and as to the efficiency of the audits.
 
Remuneration Committee
The Remuneration Committee comprises four members, three of whom are independent non-executive Directors and the remaining one member is non-executive Director.

The duties of the Remuneration Committee are to review annually and recommend to the Board the overall remuneration policy and structure for the directors and senior management to ensure that the level of remuneration is linked to their level of responsibilities undertaken. The Remuneration Committee shall also evaluate annually the performance of the directors and the senior management and recommend to the Board specific adjustments in their remuneration and/or reward payments.
 
Nomination Committee
The Nomination Committee comprises four members, three of whom are independent and the remaining one member is non-executive Director.

The responsibilities of the Nomination Committee are to review the structure, size and composition, including the skills, knowledge and experiences of the Board and make recommendations to the Board regarding any proposed changes. The Nomination Committee is also responsible for identifying and nominating suitable candidates qualified to become Board members and makes recommendations to the Board on relevant matters relating to the appointment or re-appointment of directors if necessary, in particular, candidates who can add value to the management through their contributions in the relevant strategic business areas and which appointments will result in the constitution of a stronger and more diverse Board. In the selection process, the Nomination Committee makes reference to criteria including, inter alia, reputation for integrity, accomplishment and experience in the dairy industry, professional and educational background, and commitment in respect of available time.
 
Strategy and Development Committee
The Strategy and Development Committee comprises one executive Director, three non-executive Directors and two independent non-executive Directors.

The principal duties of the Strategy and Development Committee include drawing up long-term development strategies and significant investments on financing plans of the Company, proposing significant capital investment for operation projects, and conducting studies and making recommendation on important matters that would affect the development of the Company.
 
Memorandum and Articles of Association of the Company
 
Procedure for Shareholders to Propose a Person for Election as Director
 
Shareholders Communication Policy
 

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COMPANY INFORMATION

Listed Date 10 Jun 2004

Address Suites 801–2, 8th Floor,
COFCO Tower,
262 Gloucester Road,
Causeway Bay, Hong Kong

Telephone (852) 2180-9050

Facsimile (852) 2180-9039

Email info@mengniuir.com

No. of Click Rate

246780