Li Wenyu resigns as general manager of World Heavy Machine Tools China and World CNC Machine Tool Jiangsu
He transferred to Jiangsu World Machinery and Electronics Group, a related party company.
World Precision Machinery announced the resignation of Li Wenyu as general manager of World Heavy Machine Tools China and World CNC Machine Tool Jiangsu, two of its subsidiaries.
Mr Li, 52, was responsible for the overall operations of the two subsidiaries, according to a World Precision Machinery report.
He was appointed to the post on 15 February 2012.