XU Lejiang

 

Chairman of the Board

Baosteel Group Corporation

 Xu Lejiang, born in February 1959, is an alternate member of 17th, 18th CPC Central Committee and a professor-level senior engineer. Currently he is the chairman of Baosteel Group Corporation. Xu Lejiang joined Baosteel in 1982, and successively worked as deputy director, director of blooming plant and cold rolling plant, and the assistant to president of Baosteel. From 1994 to 2006, he became vice president and later president of Baosteel Group. He was appointed chairman of Baosteel Group in January, 2007. During his tenure, Baosteel Group has vigorously promoted the modern enterprise system; gradually improved its decision-making process, risk control and internal control mechanisms; progressively completed an internal financial control system based on budget control, standard cost control, cash flow control and IT technology; remarkably improved the overall competitiveness in its core steel business and other relevant diversified businesses, under the strategy of "Leading technology, Green development", and by the method of self-innovation, technology improvement, mergers and consolidations, under his leadership, Baosteel Group has been recognized as a leading iron and steel enterprise in the world.