China Business News, 10/13/11
China Telecom's (NYSE: CHA; 0728.HK) parent company, China Telecommunications Corporation, has confirmed that it began circulating an internal memo after China's National Day holiday (October 1-7) announcing plans to promote deputy general manager Yang Jie to the position of general manager.
Issued by the Organization Department of the Central Committee of the Communist Party of China and the State-owned Assets Supervision and Administration Commission (SASAC), the memo will remain in circulation until October 18, following which, barring any unforeseen circumstances, China Telecommunications Corporation will then be headed up by its youngest GM in its history.
SASAC and the Organization Department decided that six candidates would compete for the position, with each of China's three major telecom operators nominating two deputy general managers as candidates. Aside from Yang, also competing for the position were Sha Yuejia and Liu Aili from China Mobile (NYSE: CHL; 0941.HK), Li Gang and Zhang Jun'an from China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom's Yang Xiaowei.
Born in 1962, Yang Jie has previously served as deputy director general of the Posts and Telecommunications Administration in Shanxi, GM of Shanxi Telecommunications Corporation, vice president of China Telecom's Beijing Research Institute and GM of the operator's Northern Telecom Department. Yang is known for keeping a low profile within China Telecom, and rarely accepting media interviews. His current role at China Telecommunications Corporation consists of overseeing network construction and other IT-related operations.
Keywords: HR Li Gang Liu Aili Sha Yuejia Yang Jie Yang Xiaowei Zhang Jun'an China Telecom China Mobile China Unicom SASAC CHL 0728.HK 0762.HK 0941.HK 600050.SH CHA CHU CCCPC China Telecommunications Corporation