Top 7 Ge Wenyao

Shanghai Jahwa United Co Ltd, a cosmetic and household goods maker, announced on the night of Sept 22, 2013, that the company has agreed on its chairman Ge Wenyao's retirement application. Following this announcement, shares of Shanghai Jahwa fell by 10 percent, the daily fluctuation permit allowed, on Sept 23.

Ge had served in the company for 28 years and was widely recognized as having played the most important role in the company's growth and expansion. He lost his controlling power due to equity structure changes.

Ge Wenyao, chairman of cosmetic maker Shanghai Jahwa United Co Ltd in Shanghai, on Aug 6 2013. [Photo/IC]

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