Fuyao Glass Founder Passes the Baton to Son
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Cao Dewang
Cao Dewang, the 79-year-old founder of Fuyao Glass Industry Group Co. Ltd., has stepped down as chairman after nearly four decades at the helm, handing over leadership of the world’s largest automotive glass manufacturer to his son.
In an announcement Thursday, the Shanghai- and Hong Kong-listed company said Cao, also known as Cho Tak Wong, will remain a director and serve as honorary chairman for life. His son, Cao Hui, will take over as chairman, legal representative, and head of the board’s strategy and development committee.
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- Cao Dewang, founder of Fuyao Glass, stepped down as chairman after nearly 40 years, handing leadership to his son, Cao Hui.
- Fuyao Glass, holding a 34% global market share, reported 11.9 billion yuan ($1.7 billion) revenue and 29% net profit growth for the first three quarters of 2025.
- Cao Dewang is noted for his philanthropy, donating over 11 billion yuan and establishing Fuyao University of Science and Technology in 2025.
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Who’s Who
- Fuyao Glass Industry Group Co. Ltd.
- Fuyao Glass Industry Group Co. Ltd. is the world's largest automotive glass manufacturer, founded by Cao Dewang in 1987. It went public in Shanghai in 1993 and boasts a nearly 34% global market share in auto glass. The company has expanded internationally with factories in 12 countries. Cao Dewang's son, Cao Hui, recently took over as chairman.
- Fuyao Glass America Inc.
- Cao Hui, the founder's eldest son, served as general manager of Fuyao Glass America Inc. from 2001 to 2009. During his tenure, he successfully steered the company through a U.S. anti-dumping lawsuit. The company's Ohio plant was featured in the Oscar-winning documentary "American Factory," which highlighted conflicts over unionization.
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