China Railway Communications (China Railcom) has undergone a major management change only 18 months after beginning commercial operations, with its vice-chairman forced to step down over the weekend.
Peng Peng, who was also general manager of the mainland fixed-line carrier, was replaced by a Ministry of Railways official after a special weekend board meeting, a company official confirmed yesterday.
Qiao Jinzhou, Mr Peng's successor, was formerly a member of the ministry's party committee and also deputy head of the ministry's Zheng Zhou bureau.
'This is just a normal redeployment of senior executives,' chief financial officer Xiong Jianping said.
A China Railcom spokesman Dong Binfeng said the board of directors held a special meeting on Saturday in Beijing and decided to replace Mr Peng. The decision was based on a suggestion by Ministry of Railways party officials after a recent inspection, China Information Industry Net (CNII) quoted Mr Dong as saying.
CNII is the official Web site of the People's Posts and Telecommunications News Agency which is under the direct supervision of the Ministry of Information Industry.