HNA Chairman to Step Up Role After Death of Top Executive

  • Chen will assume late co-chairman’s duties, company says
  • Wang Jian died while sightseeing in a French village this week
Chen FengPhotographer: Adam Dean/Bloomberg
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HNA Group Co. Chairman Chen Feng will step up his role in managing the liquidity challenges at one of China’s most indebted companies after the sudden death of his No. 2 executive this week.

Chen will assume the duties of Wang Jian, the late 57-year-old co-chairman who died while sightseeing in a French village this week, the company said in a statementBloomberg Terminal Friday. Adam Tan will continue to serve as chief executive officer, and the group is committed to the "orderly continuity of the company’s strategy and operations," it said in the statement.