Ma Zehua, the man who replaced Wei Jiafu as chairman and party secretary for China Cosco Holdings in 2013 when the charismatic executive quit unexpectedly, stepped down Thursday as chairman of the mainland’s largest carrier.
He will be succeeded by non-executive director Wan Min, China Cosco said in a filing to the Hong Kong Exchange. The company announcement said 63-year-old Ma was resigning “due to change of work positions.”