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PEOPLE & POINTS
Weekly Watch> WEEKLY WATCH NO. 18, 2011> PEOPLE & POINTS
UPDATED: April 29, 2011 NO. 18 MAY 5, 2011
Board Chairman
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(CFP)

Fu Chengyu, Board Chairman of China Petrochemical Corp. (Sinopec Group), one of China's state-owned petroleum giants, has been put under the spotlight as he was in charge of handling the group's corruption scandal involving its Guangdong branch. It's the first time that Fu has come into the public eye since he was appointed board chairman of the group on April 8.

Fu, 60, graduated with a master's degree in petroleum engineering from the University of Southern California. He became the general manager of China National Offshore Oil Corp. (CNOOC) in October 2003.

In June 2005 CNOOC, led by Fu, offered $18.5 billion to acquire California-based oil company Unocal. But, due to pressure from the U.S. Government, CNOOC withdrew its bid afterward. However, Fu's operation capability in the international capital market has won him a reputation.



 
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