Geely hires Ford’s ex-global communications manager

SHANGHAI, June 7 (BestGrowthStock) – Geely Holding Group, which is
buying Ford Motor’s (F.N: ) Volvo car unit, has hired Kenneth Hsu,
former global communications manager of the Detroit automaker to
lead its global communication and brand promotion team.

Hsu, an industry veteran who also served as vice president
for Ford’s China operations, assumed his new role at Geely last
week, the Chinese company said in a statement over the weekend.

In March, Geely, parent of Geely Automobile Holdings
(0175.HK: ), signed an agreement to take over Ford’s Volvo car
business for $1.8 billion, marking China’s largest overseas auto
acquisition ever. The two sides aimed to close the deal in the
third quarter.

Geely is now optimising its management structure to be better
prepared for fast development of its global operations, it added.

Stock Market News

(Reporting by Fang Yan and Jacqueline Wong)

Geely hires Ford’s ex-global communications manager