Chi­na’s fourth rich­est man takes a back seat at the top drug­mak­er he built

Af­ter spend­ing the past 30 years trans­form­ing Jiang­su Hen­grui Med­i­cines from just an­oth­er man­u­fac­tur­er of dirt cheap over-the-counter pills to a top 25 glob­al bio­phar­ma play­er, Piaoyang Sun is tak­ing a step back.

The bil­lion­aire is hand­ing over the chair­man role to Zhou Yun­shu, his right-hand man and pres­i­dent of the com­pa­ny, Hen­grui said in a state­ment. But Sun will stay on the board and con­tin­ue to lead the strat­e­gy com­mit­tee.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER