Dong Mingzhu on Corporate Governance

Dong Mingzhu's role is documented as: chairwoman of the Board, Gree Electric Appliances; stepped down as President in April 2025, with Zhang Wei taking over that role Confirmed re-elected to a fifth three-year term as chairwoman as of April 23, 2025, while stepping down as president in favor of Zhang Wei, per Yicai Global (research date: 2026-08-23).

In April 2025, Dong was re-elected to a fifth three-year term as chairwoman but stepped down as president, handing that role to 49-year-old Zhang Wei, who had joined Gree in 1999; Dong stated in a prior February television interview that three to four potential successors had been identified and were being rotated through roles to assess suitability.

Following Gree's 2019 mixed-ownership reform, the company no longer has a controlling shareholder; its largest stakeholder is a Hillhouse Capital-managed investment fund with a 16% stake, while Dong herself holds 1.8% and is the sixth-largest owner, with influence extending beyond her direct equity stake.

Dong began her fifth three-year term as chairwoman in April 2025 while Zhang Wei took over as president, with succession planning ongoing.