HNA GROUP, OWNER of Radisson Hotel Group, has restructured its leadership.
Chen Feng, chairman of HNA Group of Hainan Island, China, said in an Aug. 2 announcement, “These changes will help us meet our commitment to refocus around our core aviation and tourism and logistics businesses.”
The personnel changes come one month after the accidental death of HNA Group’s co-founder and co-chairman Wang Jian. On July 3, Wang fell off a high wall while sightseeing with family and friends in France. He was 57. His death left the company in the hands of Feng, Wang’s partner.
The new appointments are:
- Xiangdong “Adam” Tan is chairman of HNA International, a position formerly held by Wang. Tan will continue as vice chairman and CEO of HNA Group.
- Chao “Dennis” Chen is chief investment officer of HNA Group, succeeding Shuang “James” Wang. Chen has also been named executive chairman of HNA International.
- Ling Zhang, Xiaofeng “Daniel” Chen, Chao “Dennis” Chen and Daoqui Liu have been elected to the Swissport board of directors. Zhang serves as board chairman and Chen as vice chairman. Zhang, Chen and Liu replace HNA Group’s previous representatives on the board, Tan, Hongyu “Leo” Liao, Weiliang “William” Zhang and Jing Li.
Guang Yang has stepped down as president of HNA Group North America and as a trustee of the Hainan Cihang Charity Foundation. He had previously announced plans to leave HNA to form a new business venture.
“We are grateful to these individuals for their unwavering commitment to our company,” Feng said. “The depth and breadth of our talented leadership team has been a critical factor in our success, and I look forward to working with them to build a stronger, more focused HNA Group.”
HNA acquired Carlson Rezidor Hotel Group in December 2016. Throughout 2017 reorganized the company’s leadership. In April, it revealed the repositioned the company as Radisson Hotel Group with plans to become one of the top three hotel companies in the world in five years.
Reports from Bloomberg and Reuters have said the conglomerate might sell the company in the aftermath of Wang’s death. Radisson leadership in the U.S. has said it is not on the block.
Under pressure from the Chinese government, HNA is selling some of the assets it had acquired. More than $40 billion of that debt is in the U.S.
Over the past year, HNA has sold its holdings in other U.S. hospitality companies, including Hilton Worldwide and Red Lion Hotels Corp. Before the sell-off, HNA faced $90 billion in debt following its investment splurge in financial firms, hotels, real estate and other investments around the world in a plan reportedly designed by Wang.