Tan Xiangdong

Last updated
Tan Xiangdong
NationalityAmerican
Alma mater Capital University of Economics and Business (BA)
St. John's University (MBA)
Occupationbusinessman
Employer HNA Group
Known forCEO and co-founder of HNA Group

Tan Xiangdong, also known as Adam Tan, is a Chinese-American businessman who is a co-founder of Hainan Airlines and the CEO of HNA Group. [1] [2]

Biography

Tan received his B.A. from the Capital University of Economics and Business in Beijing, his M.B.A. from St. John's University in New York City and an executive education diploma from Harvard Business School. [3] He worked in the World Bank, where he met Chen Feng, who was asked by Hainan provincial government to set up an airline, and co-founded Hainan Airlines in the early 1990s. [4] [5]

He became a director of HNA Group in 2001, and served as vice chairman and president from 2013 to 2016. [6] He became CEO of HNA Group in 2016 and currently served as vice chairman from 2016 to 2020. [7] Tan was credited as the "principal architect" of the group's expansion, which led to 80 deals totaling more than $40 billion between early 2015 and October 2017, including investments in Deutsche Bank AG, the Hilton hotel chain and SkyBridge Capital. [3]

According to Rupert Hoogewerf's 2019 Hurun Rich List, Tan was the 1507th richest person in China, with a net worth of RMB 2.5 billion, or $360 million. [8] [9]

Tan also served as chairman of HNA Capital and the aircraft leasing company Avolon until February 2021. [7] [10] Tan has served as a member of Columbia College's board of visitors and a director of Atlantic Council. [5] [11] [12]

In September 2021, Tan and HNA group chairman Chen Feng were detained by the Chinese police for unspecified crimes. [13] [14]

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References

  1. ↑ Steven Jiang and Michelle Toh (27 September 2021). "HNA Group's chairman and CEO taken by police in China". CNN. Retrieved 2022-03-05.
  2. ↑ "CEO of Embattled HNA Detained in China Is a U.S. Citizen". Bloomberg. Retrieved 2022-03-05.
  3. 1 2 Steinberg, Anjani Trivedi and Julie (2017-11-19). "How China's Acquisitive HNA Group Fell From Favor". Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-03-05.
  4. ↑ Graphics, WSJ com News. "HNA: The Making of a Chinese Giant". WSJ. Retrieved 2022-03-05.
  5. 1 2 "You've Never Heard of HNA Group. Here's Why You Will". Fortune. Retrieved 2022-03-05.
  6. ↑ "海航集团：董事长陈峰、首席执行官谭向东被依法采取强制措施_10%公司_澎湃新闻-The Paper". www.thepaper.cn. Retrieved 2022-03-05.
  7. 1 2 "Chinese police take away HNA chairman, CEO on suspicion of crimes". Reuters. 2021-09-25. Retrieved 2022-03-05.
  8. ↑ sina_mobile (2019-10-10). "2019胡润百富榜出炉：海南7人上榜，5人出自海航". finance.sina.cn. Retrieved 2022-03-05.
  9. ↑ "LEXUS·Hurun China Rich List 2019". Hurun Report. October 10, 2019. Retrieved March 5, 2022.
  10. ↑ Guest, Forbes. "Can China Inc. Still Grow Abroad? A Chat With HNA's CEO Tan Xiangdong". Forbes. Retrieved 2022-03-05.
  11. ↑ "Administration". Columbia College. Retrieved 2022-03-05.
  12. ↑ Group, H. N. A. "HNA Group Joins the Atlantic Council". www.prnewswire.com (Press release). Retrieved 2022-03-05.
  13. ↑ "HNA's founder Chen Feng, chief executive Adam Tan detained". South China Morning Post. 2021-09-24. Retrieved 2022-03-05.
  14. ↑ "HNA Chairman and CEO Taken In by Police - Caixin Global". www.caixinglobal.com. Retrieved 2022-03-05.
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