| CEO Name | Jiao Kaihe |
| Nationality | China |
| Net Worth Estimation | $1-5 million |
Jiao Kaihe's estimated net worth of $1-5 million is primarily linked to his executive role as CEO of China North Industries Group Corporation Limited (Norinco), a state-owned defense conglomerate, with compensation constrained by Chinese government salary regulations. Unlike private sector CEOs, Chinese SOE executives typically don't accumulate substantial personal wealth from company equity or stock options, resulting in relatively modest net worth estimates.
Jiao Kaihe's estimated net worth of $2,500,000 comprises 3% of the maximum CEO net worth of $50,000,000 in the defense business category. His net worth is 150% higher than the reported minimum CEO net worth of $1,000,000.
Business Category: Defense
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 50000000 USD
Jiao Kaihe Performance in China North Industries Group Corporation Limited (Norinco)
Jiao Kaihe, CEO of China North Industries Group Corporation Limited (Norinco), exhibits decisive leadership focused on strategic innovation and global market expansion. His decision-making emphasizes modernization of defense technologies and enhancing Norinco's competitive position in the international arms industry. Under his guidance, the company has seen improved operational performance and strengthened its role as a leading Chinese state-owned defense conglomerate.
Latest News
China North Industries Group Corporation Limited (Norinco) is a major Chinese state-owned defense and manufacturing conglomerate, known as one of the world's largest defense contractors, specializing in military products like tanks and missiles, with diversification into civilian sectors. Its former CEO Yin Jiaxu was arrested in 2021 for corruption charges, highlighting anti-graft efforts within top Chinese defense firms. Norinco has faced scrutiny for arms transfers to Myanmar's junta and involvement in global arms exports supporting China's strategic interests.
http://www.scmp.com/topics/norinco
Source: http://www.hindustantimes.com/world-news/exchief-of-china-s-arms-giant-norinco-group-arrested-for-graft-101635139865082.html