Why did Niu Gensheng resign from Mengniu

The first point is the inevitable result of the expansion of COFCO's entire industrial chain.

The second point stems from Niu Gensheng's radicalism.

The third point is that Mengniu's share price plummeted due to the melamine incident, which made Mengniu fall into an unprecedented predicament. Niu Gensheng's Wan Yanshu exposed huge financial loopholes and crises. In the end, Mengniu was completely taken over by COFCO, and Niu Gensheng was out.

Niu Gensheng-Founder of Mengniu Enterprise 1999 Niu Gensheng founded Mengniu. In just eight years, Mengniu has become the global champion of liquid milk and the champion of china dairy. Mengniu Group is regarded by the whole world as the benchmark for the tenacious rise of China enterprises. Because the industrial chain links millions of dairy farmers, millions of investors and hundreds of millions of consumers, it is known as "the largest rice bowl manufacturing enterprise in China" since the western development.

On June 20 1 1, Niu Gensheng, the founder of Mengniu, was removed from the post of chairman. Niu Gensheng's withdrawal, on the one hand, is the inevitable product of the expansion of COFCO's entire industrial chain; On the other hand, it stems from Niu Gensheng's radicalism.

Mengniu's share price plummeted due to the melamine incident, which made Mengniu fall into an unprecedented predicament. Niu Gensheng's Wan Yanshu exposed huge financial loopholes and crises. In the end, Mengniu was completely taken over by COFCO, and Niu Gensheng was out.

Regarding the reasons for Niu Gensheng's resignation, Mengniu Dairy said in the announcement that Niu Gensheng planned to devote most of his time to charity work. From the outside world, it seems that Niu Gensheng's departure should be more responsible for the melamine incident that year.