Farewell to Tan Xuguang; Hello to Man Shengang! 🌟

A piece of news has attracted widespread attention in the industry.

On the evening of July 8th at 21:54, the official WeChat public account "Shandong Heavy Industry Information" of Shandong Heavy Industry Group (hereinafter referred to as "Shandong Heavy Industry") released news: Man Shengang, the Party Committee Secretary and Chairman of Shandong Heavy Industry Group, went to the affiliated enterprises for research. This means that the former Party Committee Secretary and Chairman Tan Xuguang has stepped down.

Looking Back on 15 Years 🔍

"Not striving for first place is just muddling along," "Use one day as two and a half days," "If you do it, be responsible, if you do it, be in place," "The products I produce, I guarantee to the customers"... These public statements are the corporate culture of Shandong Heavy Industry and also Tan Xuguang's management philosophy.

Shandong Heavy Industry is a leading company in China's equipment manufacturing industry and has significant influence in the global industrial community. It owns well-known domestic brands such as Weichai Power, China National Heavy Duty Truck, Shantui Shares, and Zhongtong Bus, and internationally renowned brands such as Kion from Germany, Linde Hydraulics from Germany, Baudouin from France, Ferretti from Italy, and PSI from the United States.

Official website information shows that Shandong Heavy Industry Group's heavy-duty trucks, heavy-duty engines, and heavy-duty transmissions have the highest global sales volume, the bulldozer sales volume ranks second in the world and first in China, the tractor sales volume is the first in China, the energy power system sales volume ranks in the top three globally, and the medium-speed marine power sales volume ranks in the top three globally.

During his 15 years in charge of Shandong Heavy Industry, Tan Xuguang has continuously expanded the company's territory, leading Shandong Heavy Industry to break through an annual income of 500 billion yuan, becoming one of the enterprise groups with a significant position in China's equipment manufacturing industry and an important global influence. Data show that in 2023, the net profit attributable to the mother company of Shandong Heavy Industry's Weichai Power, China National Heavy Duty Truck H-shares, China National Heavy Duty Truck A-shares, Weichai Heavy Machinery, and Shantui Shares increased by 83.8%, 218.6%, 405.5%, 18.3%, and 21.2% respectively.

From the early days of taking over Weichai to the subsequent Shandong Heavy Industry, including the reorganization of China National Heavy Duty Truck, Tan Xuguang's achievements are obvious. When he took over Weichai, it was squeezed by external market and policy environments as well as internal corporate mechanism problems, with internal and external debts of 300 million yuan and a debt ratio of 98%, on the brink of bankruptcy. Now Weichai's operating income has exceeded 300 billion yuan, and from the "European Trilogy" to the "North American Duet", 11 global high-tech companies including Baudouin from France, Ferretti from Italy, Kion and Linde Hydraulics from Germany, DMH from the United States, PSI, Ceres from the UK, Ballard from Canada, ODES from Germany, WITTENSTEIN from Austria, and FESTO from Switzerland have successively joined the "Weichai family", realizing the grafting of international resources with Chinese power.

In 2009, against the backdrop of Shandong Province's response to the global financial crisis and the optimization and adjustment of the economic structure, Weichai Holding Group, Shandong Engineering Machinery Group, and Shandong Automotive Industry Group, three state-owned enterprises, jointly established Shandong Heavy Industry Group. Shandong Heavy Industry bears the historical mission of making Shandong's equipment manufacturing industry stronger and larger, setting up a new banner for creating a new brand of Shandong's equipment manufacturing industry, which is of great significance to the industrial transformation and development of Shandong Province.

"I came to China National Heavy Duty Truck to build a world-class full range of commercial vehicle groups, to become the best in China in 3-5 years. Otherwise, it's meaningless for me to come to China National Heavy Duty Truck." Tan Xuguang said this on September 1, 2018, on the day he took office as the Party Committee Secretary and Chairman of China National Heavy Duty Truck Group, at the first leadership meeting held. At that time, China National Heavy Duty Truck had been lingering in the third place in the industry for a long time. In 2023, China National Heavy Duty Truck achieved a total operating income of 173.1 billion yuan, a 44% increase from 2022; the total profit was 7.5 billion yuan, a year-on-year increase of 191%; the total sales volume of complete vehicles was 335,000, a year-on-year increase of 36%.

According to Shandong Heavy Industry Information, on June 26, Tan Xuguang led a visit to Baidu and held talks with Baidu's founder, chairman, and CEO Robin Li. The two sides had an in-depth exchange on promoting the high-quality development of the equipment manufacturing industry with the application of artificial intelligence. The position mentioned in the article is "Party Committee Secretary and Chairman of Shandong Heavy Industry Group, Chairman of Weichai Group".

On June 27, Shandong Heavy Industry Information reported that Tan Xuguang presided over and spoke at the Shandong Heavy Industry Group's supply chain management work conference held in Jinan. He said, "We have always emphasized the need for scientific cost reduction. Cost reduction must not sacrifice product quality, must not sacrifice customer experience, and must not harm the sustainable development of the supply chain, otherwise it is a crime against the enterprise." However, no position was given to Tan Xuguang in this report. Subsequently, there was the research news of Man Shengang on July 8.

Information shows that Tan Xuguang was born in February 1961, and at the age of 63, he has reached the last retirement age stipulated by the province-owned state-owned enterprises.

As early as March 31, 2021, at the Weichai Power performance briefing, Tan Xuguang faced his "retirement issue" head-on. He said, "I have not considered the retirement issue for the time being. The party committee and the government have also made it clear to let me continue to serve the enterprise," to create value for all shareholders.

At the "Old Tan's Living Room" in March this year, when investors asked, "Do you have a retirement plan?" Tan Xuguang first humorously asked, "Are you from the Organization Department?" Then he responded, "I still think I should hand over to the young people as soon as possible." He also said, "Before I retire, they said there were some issues that needed my advice, they asked, I answered, but I believe the young people will do better than me, and I look forward to it."

Now, after stepping down as the Party Committee Secretary and Chairman of Shandong Heavy Industry, Tan Xuguang still holds the positions of Chairman of Weichai Holding Group, Chairman of China National Heavy Duty Truck, Chairman of Weichai Power, Chairman of Shaanxi Heavy Duty Truck, Chairman of Ferretti Group from Italy, Director of the National Key Laboratory of Internal Combustion Engine and Power System, and Director of the National Fuel Cell Technology Innovation Center Expert Committee, among others.

For Tan Xuguang, Shandong Heavy Industry is the past. For the new successor, the story has just begun.

According to Shandong Heavy Industry Information, from June 30 to July 5, Man Shengang, who had just taken office as the Party Committee Secretary and Chairman of Shandong Heavy Industry Group, successively went to Weifang, Jinan, Jining, Liaocheng and other places to conduct field research on Weichai Group, China National Heavy Duty Truck, Shantui Shares, Zhongtong Bus and other affiliated enterprises, to understand in detail the production and operation, market development, technological innovation, internal management, and party construction work of the enterprises.

Public information shows that Man Shengang was born in March 1969, a professor-level senior political engineer, and a senior economist. He is currently the Party Committee Secretary and Director of the State-owned Assets Supervision and Administration Commission of Shandong Province.

According to the introduction, Man Shengang has rich experience in state-owned enterprises - since he started working in July