Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors. According to a report published by Inner Mongolia-based Mengniu Dairy, Ning Gaoning, chairman of Cofco, has been appointed new chairman of Mengniu. Mengniu's report stated that Niu plans to spend most of his time in charity-related work. Therefore, he resigned his position as chairman effective from June 10, 2011. He will hold the position of non-executive of Mengniu and will continue to participate in the strategic planning of the group. In addition, Mengniu's board of directors announced a few other appointments, including appointing deputy chairman, non-executive director and chairman of Cofco Ning Gaoning as chairman of Mengniu; and appointing non-executive director Yu Xubo as deputy chairman of Mengniu.