Economics
HNA Chairman's Family Tightens Grip After Death of Executive
- Chen Feng promotes his son as deputy CEO, nephew as group CIO
- Move comes as chairman seeks to restore confidence in HNA
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HNA Group Co. Chairman Chen Feng promoted two family members as key lieutenants this month, tightening his family’s control over the embattled Chinese conglomerate after the sudden death of a top executive.
His son has been promoted to deputy chief executive officer of the group and will be responsible for HNA’s international business, according to people familiar with the matter. Earlier this month, the 65-year-old chairman appointed his thirty-something nephew as chief investment officer of the group and executive chairman of an investment unit.