China’s Sinopec Appoints New Chairman After Four Month Vacancy

What’s new: Sinopec Group has a new chairman, as the Chinese state-owned refined oil titan officially appointed Ma Yongsheng to the role at an executive meeting Tuesday, four months after the position became vacant.

Sixty-year-old Ma, the general manager of China Petrochemical Corp, better known as Sinopec Group, has been acting chairman since his predecessor Zhang Yuzhuo became Communist Party secretary in July. Ma has now relinquished the general manager role.