Geely Automobile has confirmed a wide-ranging overhaul of its board structure, with founder Li Shu Fu resigning as chairman and executive director, and Gan Jia Yue taking over as CEO. The changes take effect from today, 18 August 2026, and are described by the company as part of its long-term succession planning. Gui Sheng Yue has relinquished the CEO position and taken up the post of vice chairman, while remaining on the board as an executive director. An Cong Hui, who previously served as an executive director, has been named the company's new chairman. Li has been given the title of honorary chairman for life, a designation that holds no formal governance authority, and he continues to hold a major and controlling stake in the company with no indication of any intention to reduce his shareholding.
Geely Automobile Holdings LtdBoard reshuffle with founder stepping down but retaining control; no clear operational impact.
