CITIC Bank announced that its Board of Directors recently received the resignation letter from Executive Director and President Lu Wei. Due to a work adjustment, Lu Wei resigned from his positions, including Executive Director and President, on December 30, 2025. His original terms were scheduled to end in June 2027 and April 20, 2028, respectively. He will no longer hold any position in the company or its controlling subsidiaries and has no unfulfilled public commitments. Lu Wei confirmed no disagreements with the Board, and his departure will not reduce the number of board members below the legal requirement. A smooth handover of duties has been completed.
CITIC Bank stated that Lu Wei served at the bank for 26 years, holding numerous key positions across head office, branches, and domestic and international operations. Throughout his tenure, he consistently demonstrated dedication and diligence, making significant contributions to the bank's refined financial and accounting management, capital replenishment, and international expansion. Notably, since assuming the roles of Executive Director and President, Lu Wei led the senior management team in actively implementing national development strategies, deeply advancing the construction of the "Five Leading" bank initiative, continuously strengthening risk and compliance controls, and significantly enhancing the quality and efficiency of financial management. These efforts drove the bank to achieve positive results in serving the real economy, improving comprehensive competitiveness, and realizing high-quality development. The Board of Directors of CITIC Bank highly commended and sincerely thanked Lu Wei for his important contributions during his tenure.
Comments