Board of Directors

Xi Zhengping
Non-Executive Chairman
Non-Executive Chairman
  • Appointed on 6 February 2017

Mr Xi Zhengping is currently a Director and General Manager of CNAF. Prior to this appointment, he was the Deputy General Manager of China Non-ferrous Metal Mining (Group) Co., Ltd. Mr Xi used to serve as President of Northwest Institute for Non-ferrous Metal Research between May 2005 to December 2010. He was the Head of Shaanxi Provincial Department of Science and Technology from December 2010 to February 2013 and Mayor of Weinan City, Shaanxi Province, from February 2013 to February 2015.

Mr Xi holds a Doctor of Engineering from Northeastern University of Technology with a major in physical chemistry of metallurgy and is a qualified senior engineer at the professor level. He was conferred “National Outstanding Professional” which was jointly awarded by national agencies including the Ministry of Human Resources and Social Security and Ministry of Science and Technology. Xi was also a recipient of the Ho Leung Ho Lee Foundation “Science and Technology Innovation” award.

Teo Ser Luck
Lead Independent Director
Lead Independent Director
  • Appointed on 24 April 2019
  • Chairman of Audit Committee
  • Member of Remuneration, Nominating and Risk Management Committees

Mr Teo Ser Luck is an entrepreneur and Singapore Member of Parliament. He is currently the Chairman of BRC Asia Limited, Deputy Chairman of Serial Systems Ltd and Lead Independent Director of United Engineers Limited, which are listed on the Mainboard of the Singapore Stock Exchange. He is also an advisor to the Institute of Singapore Chartered Accountants and Singapore FinTech Association.

Prior to joining politics, Mr Teo was the General Manager of DHL Express (Singapore) Pte Ltd. Mr Teo began his career as an auditor and had accumulated over 15 years of experience in the private sector where he held various management positions as head of sales, marketing and business operation before progressing to lead and oversee as Regional Director, General Manager and Managing Director of multi-national corporations in Asia Pacific. He previously worked in Hong Kong SAR, China, Thailand and India where he helped lead various start-up companies.

Mr Teo is an elected Member of Parliament for Pasir Ris-Punggol Group Representation Constituency since 2006. From 2006 to 2017, he served as Minister of State for Ministry of Manpower, Mayor of North East Districts of Singapore, Chairman of Mayors’ Committee, Minister of State for Ministry of Trade and Industry, as well as Senior Parliamentary Secretary in Ministry of Community Development, Youth and Sports and Ministry of Transport. He was also the Chairman of Singapore-Shandong Bilateral Business Council and Vice Chairman of Singapore-Jiangsu Bilateral Business Council. Mr Teo led Singapore’s successful bid for the inaugural Youth Olympic Games (YOG) that was held from 14 to 26 August 2010. He was also the Advisor to the Singapore 2010 YOG Organising Committee and the Mayor for the Youth Olympic Village.

Mr Teo was recognised as a young global leader by the World Economic Forum in 2007 for his contributions to the business and community services sectors. He was thrice conferred the Nanyang Alumni Awards - the Nanyang Outstanding Young Alumni Award in 2006, the Nanyang Alumni Achievement Award in 2011 and the Nanyang Distinguished Alumni Award in 2015 from his alma mater, Nanyang Technological University, for making a difference in public service. While in the private sector, he has also received accolades as a global outstanding manager in business and operational excellence.

Mr Teo has a Bachelor Degree in Accountancy from Nanyang Technological University.

Wang Yanjun
Chief Executive Officer/Executive Director
Chief Executive Officer/Executive Director
  • Appointed as Chief Executive Officer/Executive Director of CAO on 12 September 2018
  • Appointed as Executive Director/Vice President of CAO on 5 February 2018
  • Appointed as Vice President of CAO on 1 September 2017

Prior to his appointment as Chief Executive Officer/Executive Director of China Aviation Oil (Singapore) Corporation Ltd (“CAO”), Mr Wang Yanjun was the Executive Director/Vice President of CAO, with  oversight responsibility over the Legal Department, Human Resource & Administration Department as well as Compliance and Internal Audit Department. Mr Wang is also the Chairman of the Board of North American Fuel Corporation and CNAF Hong Kong Refuelling Limited, the Chairman/President of China Aviation Oil (Hong Kong) Company Limited, Deputy Chairman of Shanghai Pudong International Airport Aviation Fuel Supply Corporation Ltd and a Director of Oilhub Korea Yeosu Co., Ltd.

Mr Wang brings a wealth of experience in aviation industry’s operations in the Asia Pacific region. Prior to joining CAO, Mr Wang spent over 30 years in the oil industry in China, spanning all facets of business operations including refinery management, civil aviation, human resources as well as safety engineering. He had previously served as the Chairman of China National Aviation Fuel South China Bluesky Corporation and General Manager of China National Aviation Fuel Southern Property Corporation from October 2016 to December 2017, and as the Director and General Manager of Shenzhen Cheng Yuan Aviation Oil Company Limited from December 2007 to October 2016, where he held several positions including heading the Human Resource Training and Safety Engineering Divisions since the 1990s.

Mr Wang holds a Doctor of Business Administration from Huazhong University of Science and Technology and is a qualified Senior Engineer.

Li Yongji
Non-Executive, Non-Independent Director
Non-Executive, Non-Independent Director
  • Appointed on 5 February 2018
  • Vice Chairman of Audit Committee
  • Vice Chairman of Remuneration Committee

Mr Li Yongji is currently the Deputy Chief Accountant and General Manager of the Accounting and Finance Division in China National Aviation Fuel Group Limited (“CNAF”). He joined the North China branch of CNAF in 1994 as an Executive of the Finance Division and has since held various senior executive positions throughout the Group, including Deputy Director of Restructuring Office (May 1998 to August 2000) and Deputy Director of Finance Division (August 2000 to October 2002) at the headquarters of CNAF. Prior to his current position in CNAF, Mr Li headed the Group’s Assets and Financial Management Division from October 2002 to February 2004 and became the General Manager of the Group’s Finance Division under then China Aviation Oil Holding Company (now known as CNAF) in February 2004.

Mr Li holds a Master in Financial Accounting from Beijing Forestry University. He also holds an Executive Master of Business Administration from China Europe International Business School. He is a qualified Senior Accountant and certified Senior International Finance Manager (SIFM).

Non-Executive, Non-Independent Director
Non-Executive, Non-Independent Director
  • Appointed on 1 November 2020
  • Vice Chairman of Nominating Committee
  • Member of Risk Management Committee

Mr Zhang Yuchen is currently the General Manager of Procurement Management at China National Aviation Fuel Group Limited. He has extensive experience in the energy industry and business management, and has held various senior executive positions including General Manager and Deputy General Manager of South China Bluesky Corporation Ltd, Hubei branch, between January 2013 to July 2018, and Manager of Safety Monitoring Technology Development of South China Bluesky Corporation Ltd between August 2009 to January 2013.

CAO_BOD_Li Runsheng李润生_opt.jpg
Independent Director
Independent Director
  • Appointed on 24 April 2014
  • Chairman of Nominating Committee
  • Member of Audit and Remuneration Committees

Mr Li is currently a Director of the Expert Committee of China Petroleum and Chemical Industry Association, and is involved in formulating policies, industry planning and development, facilitating trade disputes as well as new product development (oil and petrochemicals). He was actively involved in the China-US Fossil Energy Cooperation Protocol, and has contributed significantly to the strategy development of the oil and gas industry in China since 2006.

Prior to his current position as Vice Chairman of China Petroleum and Chemical Industry Association, Mr Li held several senior positions with Xin Mu Oil Processing Plant of Jilin Oil Field Administration, Jidong Oil Exploration and Development Company and China National Petroleum Corporation in the areas of administration, research, refining, marketing and communications. From 1998 to 2002, Mr Li served in various capacities with the State Bureau of Petroleum and Chemical Industry. Mr Li has been instrumental in the creation of the national oil security plan by the State Bureau of Petroleum and Chemical Industry and was involved in the drafting of the 11th and 12th Five-Year reform plans for the oil product market in China from 2002 to 2006. He also participated in the nation-wide restructuring of the oil industry, overseeing the mergers and acquisitions of some 560 oil marketing companies.

Mr Li graduated from Macau University of Science and Technology with a Master in Administrative Management and has over 30 years of experience in the petroleum and chemical industry.

Hee Theng Fong
Independent Director
Independent Director
  • Appointed on 24 April 2019
  • Chairman of Remuneration Committee
  • Member of Audit and Nominating Committees

Mr Hee Theng Fong is a consultant at Eversheds Harry Elias and a senior lawyer in Singapore with over 30 years of experience. He holds directorships in several listed companies including Yanlord Land Group Limited, Straco Corporation Limited, Tye Soon Limited, China Jinjiang Environment Holding Company Limited, APAC Realty Limited and Haidilao International Holding Ltd.

Prior to joining Eversheds Harry Elias, Mr Hee was a Senior Partner at RHTLaw Taylor Wessing LLP from May 2011 to June 2014 and a Partner at Khattar Wong LLP from June 2008 to April 2011.

Mr Hee has handled over a hundred cases in civil litigation and international arbitration as lead counsel and presiding arbitrator. Many of these cases have been reported and referred to in the Singapore Law Report, text books and various legal journals. Mr Hee is a Specialist Mediator (China) and Ambassador of Singapore International Mediation Centre (SIMC). He is also an accredited Mediator of Singapore Mediation Centre (SMC).

Mr Hee has written many awards in both English and Chinese in international arbitration cases in SIAC, CIETAC, HKIAC and ICC. He is a regular speaker at seminars on Directors’ Duties and Corporate Governance organised by the Singapore Institute of Directors and the Singapore Exchange Ltd.

He also serves as the Chairman of the Citizenship Committee of Inquiry of Immigration and Checkpoints Authority of Singapore, the Deputy Chairman of Singapore Medishield Life Council and a director of Singapore Chinese Cultural Centre. Mr Hee was awarded the Public Service Medal (BBM) in 2015 and appointed as a Justice of the Peace (JP) in April 2018.

Mr Hee holds a Bachelor of Laws (LLB) (Hons) from the National University of Singapore and a Diploma in PRC Law from the Suzhou University, China. He was trained at Harvard Law School in Advanced Mediation. He is a Fellow of the Chartered Institute of Arbitrators (UK) and the Singapore Institute of Arbitrators.

Bella Young
Non-Executive, Non-Independent Director
Non-Executive, Non-Independent Director
  • Appointed on 22 April 2015
  • Member of Nominating Committee
  • Member of Remuneration Committee

Ms Young is currently the General Manager (Asia) of Air BP, which is the global aviation business unit of the BP Group. She plays a leadership role responsible for all strategic, business development, commercial and operational related aspects of Air BP’s business in Asia. Ms Young has been with BP for more than 20 years, holding various positions in corporate planning, trading, sales and marketing, business advisory and strategy development in Singapore and China.

Ms Young graduated from the University of Hong Kong with a Bachelor of Science (Engineering). She also has a Master of Business Administration from the Oklahoma City University.
Eugene Leong
Non-Executive, Non-Independent Director
Non-Executive, Non-Independent Director
  • Appointed 1 November 2019
  • Chairman of Risk Management Committee
  • Member of Audit Committee
Mr Eugene Leong is currently the Chief Operating Officer of BP’s supply and trading business in the Eastern Hemisphere and oversees marketing, origination and regional operations in the Middle East, Japan, China, Korea, India and Indonesia. Prior to this, he was the Head of Integrated Supply and Trading’s (“IST”) Executive Office reporting to the IST CEO, supporting the IST business by enabling strategy and commercial cases in BP. He has also held roles in origination where he developed physical oil deals and asset opportunities to enable the growth of IST’s oil trading business in Asia.

Prior to BP, Mr Leong was the Director of Energy & Chemicals at the Singapore Economic Development Board, overseeing investment inflows in the refining, petrochemical, lubricants and utilities industry in Singapore. He spearheaded the development of Jurong Island as an integrated refining and petrochemicals park. During his career with the Singapore Economic Development Board, he also held the role of Head of Energy and covered energy policy related issues ranging from energy mix, climate change and LNG.

Mr Leong was also a portfolio and investment manager for EDB Investments Pte Ltd, the corporate investment arm of the Singapore Economic Development Board, covering the energy and clean technology portfolio. In this role, he served on the boards of several portfolio companies, joint ventures and led investment / divestment transactions. 

He holds a Masters in Chemical Engineering from Imperial College London, which he attended on a Singapore government scholarship.