On the evening of May 12th, several A-share listed banks simultaneously announced changes in their senior management.
Among them, Industrial Bank Co.,Ltd. (601166.SH) and Bank Of Ningbo Co.,Ltd. (002142.SZ) officially announced the appointments of new deputy presidents, while Agricultural Bank of China (601288.SH) disclosed the departure of a non-executive director.
This round of senior personnel adjustments involves three major tiers: state-owned large banks, national joint-stock banks, and leading city commercial banks. These are described as normal governance optimization measures by the respective banks and are not expected to impact their daily operations and management.
**Bank Of Ningbo Co.,Ltd. Sees Three Mid-to-Young Aged Deputy Presidents Assume Office Simultaneously**
On May 12th, Bank Of Ningbo Co.,Ltd. announced that the qualifications of Yu Gang, Lu Haiying, and Hu Haidong for the positions of deputy president have been formally approved by the Ningbo Financial Regulatory Bureau. The bank has filled three deputy president positions at once, aiming to further strengthen the management of its core business lines. With these appointments, all seven deputy president positions at Bank Of Ningbo Co.,Ltd. are now filled, and the structure of its new senior management team is largely in place.
Currently, only the qualification of Feng Peijiong, the proposed vice chairman and proposed president, remains pending regulatory approval. He is currently acting in the capacity of president, marking a key step in the bank's management succession plan for the year.
The resumes of the three new deputy presidents indicate they were all promoted from within the bank, with experience covering regulatory compliance, front-line business, and financial operations. Specifically, Yu Gang possesses experience in both regulation and bank governance, having previously worked in a party school and the central bank system before joining Bank Of Ningbo Co.,Ltd. as board secretary in 2018. In his new role, he will oversee compliance governance. Lu Haiying has deep experience in corporate banking front lines, having served as deputy general manager (acting head) and general manager of the Institutional Business Department, and general manager of the Corporate Platform Management Department at the head office. She currently serves as general manager of the Corporate Banking Headquarters and general manager of the Institutional Business Department. Hu Haidong, a young and capable management talent, joined the bank in July 2011. His career path includes roles as assistant branch manager, deputy branch manager, and branch manager of the Beilun Branch, president of the Jiaxing Branch, and deputy general manager (acting head) and general manager of the Financial Accounting Department at the head office, combining front-line operational experience with head office financial control expertise.
In terms of age structure, the three newly appointed deputy presidents are in the mid-to-young age bracket. Yu Gang was born in February 1977, Lu Haiying in September 1982, and Hu Haidong in January 1988, making him 38 years old. Considering the bank's overall executive configuration, the seven deputy presidents are primarily from the "post-70s" and "post-80s" generations, with ages concentrated between 38 and 54.
This concentrated appointment of three deputy presidents is not a temporary personnel change but rather a continuation of the bank's management generational transition and team rejuvenation. On February 26th of this year, Bank Of Ningbo Co.,Ltd. had announced a series of personnel adjustments, which included the appointment of seven deputy presidents and the election of Zhuang Lingjun as the new chairman.
Zhuang Lingjun, born in July 1979, became the youngest chairman among A-share listed banks upon his appointment. He served as president of Bank Of Ningbo Co.,Ltd. from April 2022 to February 2026. After his promotion to chairman, the presidency was succeeded by Feng Peijiong. It is reported that Zhuang Lingjun's qualification for the chairman position was approved by the Ningbo Financial Regulatory Bureau in April this year.
**Industrial Bank Co.,Ltd. Fills Deputy President Role; Liu Xiaopeng Resigns as Non-Executive Director at Agricultural Bank**
On the same day as Bank Of Ningbo Co.,Ltd.'s announcement, Industrial Bank Co.,Ltd. also issued a personnel appointment notice. The National Financial Regulatory Administration has approved the qualification of Hao Chao as deputy president. Hao Chao officially assumed his duties on May 8th, filling a vacancy in the bank's deputy president position. With this, the management of Industrial Bank Co.,Ltd. has formally formed a structure of one president and six deputy presidents. With the exception of deputy president Yang Liu, who was recruited externally, the other deputy presidents were all promoted from within, continuing the bank's tradition of emphasizing internal talent development.
Public records show that Hao Chao was born in December 1971 and possesses extensive experience in the banking industry. After joining the Industrial Bank Co.,Ltd. system, Hao Chao began a career in managing key branches, serving successively as party committee secretary and president of several important branches including Changchun Branch, Shijiazhuang Branch, Nanjing Branch, and Beijing Branch, covering core economic regions such as the Yangtze River Delta and Beijing-Tianjin-Hebei. On March 26, 2026, the board of directors of Industrial Bank Co.,Ltd. reviewed and passed the proposal to appoint Hao Chao as deputy president. Less than two months later, his qualification was officially approved by regulators, marking his formal entry into the head office's decision-making layer from his role as head of key branches.
Agricultural Bank of China, on the same day, announced the departure of a director. Due to work position adjustments, Liu Xiaopeng resigned from his position as non-executive director of the bank on May 12th, concurrently stepping down from his roles as a member of the Board's Strategy Planning and Sustainable Development Committee, and vice chairman and member of the Audit Committee.
Agricultural Bank stated that Liu Xiaopeng confirmed he had no differing opinions with the bank's board of directors, and there were no matters regarding his departure that needed to be communicated to the bank's shareholders and creditors. He has completed the required handover procedures. His departure will not reduce the number of board members below the statutory minimum.
This concentrated personnel adjustment across multiple listed banks is a microcosm of the recent iteration of senior management in the banking sector. Industry insiders point out that executive turnover in the banking industry has now become normalized, representing standard measures by banks to optimize their management echelons and adapt to industry development needs.
An unnamed banking sector securities analyst noted that normalized executive turnover, especially the appointment of executives with rich front-line experience and diverse resumes, will inject new momentum into the stable operation of banks. This helps banks better adapt to industry transformation and development needs, promoting the banking sector's continued service to the real economy and the prevention of financial risks.
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