On the evening of September 13, 2023, official website of COFCO revealed that Huo was employed as an external director of COFCO. According to the information column of "Management Team" of COFCO official website, Huo graduated from the Department of Economics and Management of Oxford University. Deputy to the 14th National People's Congress, Vice Chairman all-china youth federation, member of the Federation of Chinese Literary and Art Circles, member of the Legislative Council of the Hong Kong Special Administrative Region, and chairman of the Hong Kong Arts Development Council. He is currently the vice president of Fok Ying Tung Group. In 2023, he was appointed as an external director of COFCO.
Implementing the external director system is an important institutional arrangement to deepen the reform and accelerate the development of state-owned enterprises, a key measure to establish a modern enterprise system, improve the corporate governance structure and comprehensively improve the decision-making level of the board of directors, and a powerful starting point to strengthen the supervision of state-owned assets and promote the high-quality development of state-owned enterprises.
Brief introduction of COFCO
COFCO Group Co., Ltd. is a large state-owned enterprise directly under the central government of the same age as New China, a leader in China's agriculture and grain industry, and an international grain merchant with global layout and whole industrial chain. COFCO takes agriculture and grain as its core business, mainly grain, oil, sugar, cotton, meat and milk, and also involves the fields of food, finance and real estate.
COFCO has continuously improved the asset layout of the main agricultural and grain industries, continuously improved the operational capacity of bulk agricultural products, promoted the upstream and downstream coordination of agricultural products procurement, storage, processing, transportation and trade, and guaranteed the supply of grain and oil in a market-oriented and efficient manner.
COFCO actively promotes the expansion of overseas distribution, constantly improves the global grain and oil logistics and storage capacity, and ensures the stability of the international supply chain. It has formed an agricultural product trade logistics network covering the main producing areas and sales areas, engaged in the procurement, storage, processing, transportation and trade of bulk agricultural products such as grains, oilseeds, sugar, meat and cotton, and established a stable grain corridor between major global grain producing areas such as South America and the Black Sea and emerging markets in Asia.
Above content reference: COFCO official website-About COFCO.