- Board of
- Corporate Governance
- Articles of
Charles Zhengyao LU
Executive Director and Chief Executive Officer
Frank Zhen WEI
Independent Non-executive Directors
Sam Hanhui SUN
- Chairman, Non-executive Directors
Charles Zhengyao LU（陸正耀）, aged 46, has resigned from his position as chief executive officer and been re-designated as a non-executive director of the Company on April 11, 2016. He will continue to serve as the chairman of the Company. Mr. Lu was appointed as the Company’s executive Director, Chief Executive Officer and Chairman of the Board on April 25, 2014. Mr. Lu is currently a member of the Nomination Committee of the company. He is responsible for the implementation of board resolutions, making company’s strategy plans, making decisions of and supervising the major products and programs, management and appointment of senior management and fully responsible for the Company’s development and business. He has also been appointed as a director, the chief executive officer and chairman of the board for China Auto Rental Holdings Inc. (“CARH”), the Company’s holding company prior to IPO since 27 September 2007. Mr. Lu has been appointed as a chairman of the board of UCAR Technology Inc. (“UCAR”), a substantial shareholder of the Company, since 5 June 2015. Mr. Lu has over 22 years of industry experience. Mr. Lu served as the president of Beijing Shenzhou Deke Technology Development Co., Ltd. (北京神州迪科科技發展有限公司), a system integration solutions provider, from February 1994 to March 2005. Mr. Lu served as the president of Beijing Huaxia United Science & Technology Co., Ltd. (北京華夏聯合科技有限 公司), a prominent provider of Internet protocol long-distance call services for enterprises, from October 2003 to March 2005. In March 2005, Mr. Lu founded Beijing Huaxia United Automobile Association Co. Ltd. (北京華夏聯合汽車俱樂部 有限公司), a prominent automobile club in China, and served as its chief executive officer from March 2005 to August 2007. Mr. Lu graduated from the University of Science & Technology of Beijing (北京科技大學) in July 1991 where he obtained his bachelor’s degree majoring in industrial electric automation. He received an Executive Master of Business Administration degree from Peking University in July 2010.
- Executive Director
Yifan Song（宋一凡）, aged 39, was appointed as the Chief Executive Officer and the Company’s executive Director on April 11, 2016. Ms. Song has worked as a vice-president for the Group from September 2007 to August 2013, and was promoted to an executive vice-president since September 2013. She is also a founding member of the Group. Before her appointment as the chief executive officer of the Company, she was responsible for general management of processes and standardization; in particular, stores, fleet, repair and maintenance facilities and call centers. Ms. Song has over 17 years of industry experience. She was the head of customer services for Beijing Huaxia United Automobile Association Co. Ltd. (北京華夏聯合汽車俱樂部有限公司) from March 2005 to August 2007 and she served as the head of customer services at Beijing Yingtong Information System Co., Ltd. (北京盈通資訊系統有限公司), an internet service provider company, from January 2003 to March 2005. Ms. Song worked as the head of customer services at Shouchuang Internet Co., Ltd. (首創網絡有限公司), another internet service provider company, from May 2000 to December 2002 and at Beijing Youheng Technology Co., Ltd. (北京友恒科技有限公司) as a technical support manager from June 1999 to May 2000. She was a member of the technical support department at Beijing Ruide Hengchang Computer System Co., Ltd. (北京瑞得恒昌計萛機系統集成有限公司) from May 1998 to May 1999. Ms. Song obtained a master’s degree in business administration from Central University of Finance and Economics of China (中央財經大學) in June 2009. She graduated from the College of Electric Automation Engineering of Beijing Union University (北京聯合大學電子自動化工程學院) and received her bachelor ’s degree in communication engineering in July 1998.
- Non-executive Directors
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Linan ZHU（朱立南）, aged 53, was appointed as the Company’s Non-executive Director on April 29, 2014. He is responsible for participating in formulating the Company’s corporate and business strategies. He has also been appointed as a director for CARH since November 18, 2010. Mr. Zhu has over 18 years of industry experience. From 1997 to 2001, Mr. Zhu held various positions in Lenovo Group Limited, including the head of Corporate Strategic Planning Department and a senior vice president. He has been a director of Legend Holdings since April 2001 and the president of Beijing Legend Capital Co., Limited (北京君聯資本管理有限公司) since November 2003. Mr. Zhu is also a director of Grand Union Management Limited since 30 December 2011. For companies listed on the Hong Kong Stock Exchange, Mr. Zhu was a non-executive director of Peak Sport Products Co., Limited (stock code: 1968) from April 2009 to June 2014, and has served as a non-executive director of Lenovo Group Limited (stock code: 0992) since April 2005. Mr. ZHU, a Non-executive Director, has been appointed as an executive director of Legend Holdings Corporation (stock code: 3396), which was listed on the Hong Kong Stock Exchange on 29 June 2015, since 18 February 2014.Mr. Zhu received his master’s degree in electronic systems in March 1987 from Shanghai Jiao Tong University（上海交通大學）. Mr. Zhu has been a senior engineer certified by the Chinese Academy of Sciences since December 1998.
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- Xiaogeng LI（李曉耕）, aged 39, was appointed as the Company’s Non-executive Director on November 17, 2015. Ms. Li is currently a member of Remuneration Committee of the company. She is responsible for participating in the decision making of the Company’s significant events and participating in making decisions and advising on issues relating to corporate governance and remuneration of Directors and senior management. Ms. Li has over 10 years of experience in the information technology industry. She is currently the vice president of UCAR Technology, where she is primarily responsible for strategic investment. Prior to joining UCAR, Ms. Li served as the president and an executive director of Uniware Technology Co., Ltd., a software company providing big data analysis services, from March 2004 to September 2014. She was an assistant to the president at Tom.com Internet Group from August 2003 to January 2004 and an associate in the investment banking department at China International Capital Corporation Limited from July 1998 to September 2001. Ms. Li graduated from Beijing University of Aeronautics and Astronautics with a bachelor of economics degree in July 1998 where she majored in international finance. She also received a Master of Science degree in accounting and finance from London School of Economics and Political Science in July 2003 and a doctor’s degree in economics, majoring in world economy, from the Graduate School of the Chinese Academy of Social Sciences in July 2014.
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Frank Zhen WEI（魏臻）, aged 44, was appointed as the Company’s Non-executive Director on January 13, 2016. He is responsible for participating in formulating the Company’s corporate and business strategies. Mr. Wei is a managing director of Warburg Pincus Asia LLC which is an affiliate of Amber Gem Holdings Limited which is a substantial shareholder of the company, he is primarily responsible for investments in the consumer and healthcare sectors in China. Prior to joining Warburg Pincus Asia LLC, Mr. Wei was with the investment banking division of Morgan Stanley in Hong Kong, and McKinsey & Company in Shanghai. Mr. Wei is a non-executive director of AAG Energy Holdings Limited (a company listed on The Stock Exchange of Hong Kong Limited, stock code: 2686), and a non-executive director of each of China Kidswant Investment Holdings Co. Ltd, ANE Logistics Co., Ltd., Sunnywell Group and ZTO Express (Cayman) Inc.. Mr. Wei received a bachelor of science degree from the University of Texas at Austin in 1995, and a master’s degree in business administration from Harvard Business School in 2002.
- Independent Non-executive Directors
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Sam Hanhui SUN（孫含暉）, aged 43, has served as the Company’s Independent Non-executive Director since August 18, 2014. Mr. Sun is currently the Chairman of Audit and Compliance Committee of the Company. He is responsible for participating in the decision making of the Company’s significant events; and participating in making decisions and advising on issues relating to corporate governance and audit. Mr. Sun has over 20 years of industry experience. Mr. Sun worked in KPMG’s auditing practice group from April 1995 to October 2004, including eight years at the Beijing office of KPMG where he was an audit senior manager, and two years at KPMG in Los Angeles, California. From 2004 to 2007, Mr. Sun served in several financial controller positions at SouFun Holding Limited which is a company listed on the New York Stock Exchange (stock code: SFUN), Maersk China Co., Ltd. and Microsoft China R&D Group. Mr. Sun was also an independent director and audit committee member of KongZhong Corporation, a NASDAQ-listed company, from July 2005 to January 2007. He was the chief financial officer of KongZhong Corporation from February 2007 to April 2009. Since January 2010, Mr. Sun has served as the chief financial officer of Qunar Cayman Islands Ltd, a Nasdaq-listed company (stock code: QUNR). Since September 2010, Mr. Sun has served as an independent director and the chairman of the audit committee of SouFun.com. In May 1998, Mr. Sun was admitted as a China certified public accountant by the Chinese Institute of Certified Public Accountants. Mr. Sun graduated from the Beijing Institute of Technology in July 1993 with a bachelor’s degree in engineering, majoring in business administration.
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Wei DING（丁瑋）, aged 55, has served as the Company’s Independent Non-executive Director since August 18, 2014. Mr. Ding is currently the Chairman of Remuneration Committee of the Company. He is responsible for participating in the decision making of the Company’s significant events and participating in making decisions and advising on issues relating to corporate governance and remuneration of Directors and senior management. Mr. Ding has nearly 28 years of industry experience in international finance, commercial banking, investment banking, and private equity industry. Mr. Ding worked at the World Bank and the International Monetary Fund in Washington, D.C. from November 1987 to February 1999, serving as an economist, project manager, divisional manager and the chief representative. From March 1999 to September 2002, Mr. Ding served as the chief country officer for China at Deutsche Bank. From October 2002 to February 2011, Mr. Ding worked at China International Capital Corporation as the managing director and later served as the head of investment banking division. From February 2011 to December 2013, Mr. Ding served as the senior managing director and head of Temasek Greater China, where he was responsible for Temasek’s China strategy and investments. Since June 2012, Mr. Ding has been serving as a member of the board for Hwa Pao Investment. Mr. Ding received a bachelor’s degree majoring in finance from Renmin University of China in July 1982. In January 1998, Mr. Ding completed the executive development program at Harvard Business School, which was tailor-made for the World Bank.
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Lei LIN（林雷）, aged 48, has served as the Company’s Independent Non-executive Director since August 18, 2014. Mr. Lin is currently members of Audit and Compliance Committee and Nomination Committee of the company. He is responsible for participating in the decision making of the Company’s significant events; and participating in making decisions and advising on issues relating to corporate governance, audit and nomination of Directors. Mr. Lin has over 20 years of industry experience. Mr. Lin worked as a supervisor at Beijing Sinotrust Business Risk Management Co., Ltd.（北京新華信商業風險管理有限責任公司） from June 1995 to September 2002 and Beijing Sinotrust Marketing Information Consulting Co., Ltd.（北京新華信行銷資訊諮詢有限公司）from September 2002 to July 2003. From July 2003 to January 2007, Mr. Lin worked at Beijing Sinotrust Marketing Research and Consulting Co., Ltd.（北京新華信市場研究諮詢有限公司）, where he was the president of the company. Mr. Lin was the president and CEO of Sinotrust International Information and Consulting (Beijing) Co., Ltd. (新華信國際資訊諮詢（北京）有限公司) since January 2007 to December 2014, and currently he is the Chairman of Sinotrust International Information and Consulting (Beijing) Co., Ltd. since January 2015. Since October 2007, Mr. Lin has been serving as an independent director for Synutra International Inc. (聖元國際集團), which is listed on Nasdaq (stock code: SYUT). In addition, Mr. Lin has also been serving as an independent non-executive directors for two companies listed on the Hong Kong Stock Exchange, namely New Focus Auto Tech Holdings Limited (新焦點汽車技術控股有限公司) (stock code: 360) since August 2013 and Xiezhong International Holdings Limited (協眾國際控股有限公司) (stock code: 3663) since August 2014. In terms of his professional membership and qualifications, Mr. Lin was admitted as a member of the European Society for Opinion and Marketing Research in July 2002, and he was also admitted as a director of Society of Automotive Engineers of China (中國汽車工程學會) in December 2012. Mr. Lin received his bachelor’s degree in Applied Economic Mathematics from Renmin University of China in July 1990.
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Joseph CHOW（周凡）, aged 52, was appointed as an independent non-executive director, a member of the Audit and Compliance Committee, a chairman of the Nomination Committee and a member of the Remuneration Committee of the Company on January 13, 2016. He is responsible for participating in the decision making of the Company’s significant events and participating in making decisions and advising on issues relating to corporate governance, nomination of Directors and remuneration of Directors and senior management. Mr. Chow has over 20 years of experience in corporate finance, financial advisory and management and has held senior executive and managerial positions in various public and private companies. Mr. Chow was recently a managing director of Moelis & Company and was previously a managing director at Goldman Sachs (Asia) L.L.P.. Prior to that, he served consecutively as an independent financial consultant, as the chief financial officer of Harbor Networks Limited, as the chief financial officer of China Netcom (Holdings) Company Limited, as a director of strategic planning of Bombardier Capital, Inc., as a vice president of international operations of Citigroup, as a corporate auditor of GE Capital and as an independent director of Synutra International, Inc.. Mr. Chow is currently an independent director of China Biologic Products, Inc., China Lodging Group, Limited (each of which is a company listed on NASDAQ), and an independent non-executive director of Intime Department Store (Group) Co., Ltd. (a company listed on the Stock Exchange, stock code: 1833). Mr. Chow graduated from Nanjing Institute of International Relations with a bachelor’s degree in political science in 1984. He also received a master of business administration degree from the University of Maryland at College Park in 1993.
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- Updated: April 11, 2016
- AUDIT & COMPLIANCE COMMITTEE
Mr. Sam Hanhui SUN (Committee Chairman)
Mr. Lei LIN
Mr. Joseph CHOW
For details of the terms of reference of the Audit &Compliance Committee, please click here.
- REMUNERATION COMMITTEE
Mr. Wei DING (Committee Chairman)
Ms. Xiaogeng Li
Mr. Joseph CHOW
For details of the terms of reference of the Remuneration Committee, please click here.
- NOMINATION COMMITTEE
Mr. Joseph CHOW (Committee Chairman)
Mr. Lei LIN
Mr. Charles Zhengyao LU
For details of the terms of reference of the Nomination Committee, please click here.
Procedures for Shareholders to Propose a Person for Election as a Director
You can contact CAR Inc's Board of Directors to provide comments, to report concerns, or to ask a question at email@example.com or the following address:
c/o Office of the Secretary
2F, Lead International Building
2A Zhonghuan South Road, Wangjing, Chaoyang District
Beijing PRC 100102
Certain items which are unrelated to the duties and responsibilities of the board should be excluded, such as:
- Suggestions on business development or operations
- Service complaints and inquiries
- Job inquiries
- Business solicitations or advertisements
In addition, material that is trivial, obscene, unduly hostile, threatening, illegal or similarly unsuitable items will be excluded; however, any communication that is excluded will be made available to any independent, non-employee director upon request.