COSCO announces new CFO of Singapore subsidiary
COSCO has announced Ma Honghan will be the firm's new CFO for the shipbuilder's Singapore subsidiary. The appointment comes at a difficult period for the company, as revenues and profits are falling.
The Singapore subsidiary of China’s shipping giant China Ocean Shipping (Group) Company (COSCO Group) has promoted Ma Honghan as its new chief financial officer effective from August 21.
Ma, who replaces Ye Binlin, was promoted from his previous capacity as deputy general manager of finance division of COSCO Corporation (Singapore) a role he resumed since December 2006. He joined the group more than ten years ago. The first position he held was deputy general manager of the finance division of COSCO Americas Inc from February 2002 to September 2003.
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