CEO Quits At Struggling Chinese Retailer Li Ning, Olympian Founder To Assume Post

Financially struggling Chinese sportswear retailer Li Ning said today CEO Zhang Zhi Yong had quit effective yesterday, and the company’s Olympic gymnast founder would become CEO until a replacement has been found.

http://www.forbes.com/sites/russellflannery/2012/07/04/ceo-quits-at-struggling-chinese-retailer-li-ning-olympian-founder-to-assume-post/

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