President of Gree Electric Appliances Inc Dong Mingzhu ranks third in a list of China's best business leaders released by Forbes China on July 2, 2013, marking the first time that businesswoman makes it to the top three of the magazine's China's best CEOs list. [chinaforex.com.cn]
President of Gree Electric Appliances Inc. Dong Mingzhu ranks third on Forbes China's list of best CEOs in the country, marking the first time that Chinese women have made it to the top three ranking on the list.
Dong joined Gree in 1990 as a salesperson, and jumped to sales director within 5 years. She became the company's president in 2001. Dong has successfully transformed Gree from a sleepy domestic brand into the world's largest maker of air conditioners based on sales, with an operating revenue of over 100 billion yuan (US$ 16.3 billion) and a net profit of 7.378 billion yuan (US$ 1.203 billion) in 2012.
President of China Minsheng Banking Hong Qi topped the list by leading his company to a 34 percent rise in net profit last year, followed by Tsai Eng-Meng of snack food maker Want Want China.
Some of the other women entrepreneurs on the list are CEO of the Yantai Jereh Oilfield Services Group Wang Jili (No.17) and Chairperson of Beijing Orient Landscape He Qiaonv (No.19).
In order to compile the list, Forbes China surveyed companies that are publicly traded in the mainland, Hong Kong, the United States and elsewhere, that do most of their business in mainland China. The magazine reviewed three years of figures to select the top fifty best CEOs in China.
The following are the top 10 CEOS in China according to Forbes China:
1. Hong Qi, China Minsheng Banking
2. Tsai Eng-Meng, Want Want China
3. Dong Mingzhu, Gree Electric Appliances
4. Qi Yumin, Brilliance China
5. Ma Huateng, Tencent Holdings
6. Fu Liquan, Zhejiang Dahua Technology
7. Benjamin Pan, AAC Technologies
8. Yu Liang, China Vanke
9. Jiang Bin, Goertek Inc.
10. Mo Bin, Country Garden Holdings
(Source: Chinanews / Translated by womenofchina.cn)
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