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Haier New York Life general manager out due to poor performance

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2006-12-19 16:12

Related publication:

Limin Chu, general manager of Haier New York Life, formerly head of New York Life's successfulTaiwanoperation, has left the company, according to an insider.

"His resignation is mainly due to his poor performance, he was resting on the laurels of his previous success," the insider said.

According to statistics from theShanghaiInsurance Regulatory Bureau, the market of Haier New York Life, a joint venture between New York Life and China's largest electric consumer appliances makerHaier Group, grew 88.6 percent in the first ten months of this year in Shanghai, ranking next to last among all Shanghai life insurers.

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The full text is available in the December Issue ofChina Insurance.