Tuesday, March 09, 2004

human - Dr. Li of OBI China sacked

The high-profile president and CEO of OBI China Dr. Li Fengjiang has been sacked on Friday, says a short notice at the OBI website.
Dr. Li, who was also board member of the German company, had been in the forefront of the company in China, attending all high-level meetings with Chinese and German officials visiting China.
The announcement does not say what the reason is for sacking Dr. Li but company sources say that a recent joint venture with Haier was not signed with Haier itself but with a management company without much leverage in Haier.
"You have to get along well with every party concerned with your business: the local government, business partners, the community..., it is a must for you to communicate with them; you have to let them hear your voice and understand you," said Li Fengjiang, president and chief executive officer of OBI (China) Management Systems Co Ltd. in an older article in the Shanghai Star.
OBI is a retailer in construction material with its Asian hub in Shenzhen.
Unconfirmed rumors say that a newly opened store in Qingdao was built on contaminated soil without being treated, although OBI was legally committed to do so, but that story seems to be unrelated to the sacking.

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