China Mengniu Dairy Co. (2319.HK) said Thursday it has appointed Sun Yiping as chief executive, with immediate effect.

The Hong Kong-listed company said in a statement that Sun replaces Yang Wenjun, who has completed two terms as the chief executive of Inner Mongolia Mengniu Dairy (Group) Company Ltd., the company's main operating subsidiary.
Yang confirmed that he has no disagreement with the board, the statement said.

Sun was deputy general manager of Shenzhen-listed COFCO Property (Group) Co., a unit of COFCO Corp., which is a major shareholder of China Mengniu Dairy.

滬江英語快訊：中國最大的乳品公司蒙牛乳業(yè)換帥！總裁楊文俊兩屆任期已滿，?經(jīng)董事會(huì)同意，不再兼任總裁一職，繼續(xù)擔(dān)任副董事長職務(wù)，總裁一職由來自中糧地產(chǎn)的副總經(jīng)理孫伊萍接任。?蒙牛的此次換帥意味著當(dāng)年跟隨牛根生創(chuàng)立蒙牛的十大創(chuàng)業(yè)元老全部離職，中糧集團(tuán)將全面接管蒙牛。??