China Mobile has announced that its chairman, Wang Jianzhou, has stepped down from his position “by reason of age”. The China Mobile board honored Wang “with the highest regard and deepest gratitude” and his eight year tenure has seen it grow to more than 650 million subscribers. His replacement will be Xi Guohua, the operator’s vice chairman. The Board of the company also announced that as proposed by the nomination, Committee of the Company and after review and approval by the Board, Mr. Xi Guohua, will work on the new position starting from March 22, 2012.
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