Speculation on the Reasons Behind the Resignation of a Sany Heavy Industry Vice President with a Multi-Million Annual Salary
According to Sany Heavy Industry's interim report, the company's international sales revenue reached 5.439 billion yuan, a substantial increase of 66.5% year on year, of which Putzmeister contributed 266 million yuan in sales, achieving relatively rapid growth year on year. In this regard, an industry insider told reporters, "During the more than one year that Robert Schuch was serving as CEO, Sany successfully completed the wholly owned acquisition while maintaining steady performance growth. As a professional manager, Robert Schuch also completed his mission." At the same time, he noted that many previous overseas acquisitions followed the same pattern, with most of the original senior executives of foreign companies ultimately departing.
2013-09-13
