China’s Two Biggest Power Producers Get New Top Executives

What’s new: China’s two largest power producers named new top executives on the same day Tuesday in a major leadership reshuffle of the state-backed electricity generation sector.

China Huaneng Group Co. Ltd. said Wen Shugang, former chairman and Communist Party chief of smaller rival China Huadian Corp., was named its new chairman and party head, replacing Shu Yinbiao, who retired at age 64.