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Senior Management

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Chief Executive Officer/Executive Director


As the Chief Executive Officer/Executive Director of CAO Group, Mr Wang Yanjun is responsible for developing and implementing Board approved business strategies and overseeing the entire business of the Group. Mr Wang is concurrently the Chairman of CNAF Hong Kong Refuelling Limited (“CNAF HKR”) as well as the  Chairman/President of China Aviation Oil (Hong Kong) Company Limited (“CAOHK”), where he directs and manages the day-to-day business operations in Hong Kong SAR, and also oversees the joint venture operations of CNAF HKR.  Mr Wang is also the Chairman of North American Fuel Corporation, Deputy Chairman of Shanghai Pudong International Airport Aviation Fuel Supply Corporation Ltd and a Director of Oilhub Korea Yeosu Co., Ltd.


Please refer to profile of Mr Wang under "Board of Directors" section for more information.

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Chief Financial Officer

As the Chief Financial Officer (“CFO”), Mr Xu Guohong leads CAO’s finance function with specific responsibility for financial management, reporting and accounting practices, financial planning and analysis, treasury and taxation. He directs and manages the Group’s day-to-day finance operations across all business units and also heads the risk management as well as compliance and internal audit functions. Concurrently, he also assists the CEO to oversee investor relations and infocomm technology (ICT) infrastructure initiatives in addition to his CFO duties. He also serves as the Director of China Aviation Oil (Hong Kong) Company Ltd, CNAF Hong Kong Refuelling Limited and Shanghai Pudong International Airport Aviation Fuel Supply Corporation Ltd.

Mr Xu has over 30 years of experience in the petroleum industry in China. Prior to joining CAO, Mr Xu was General Manager of the Audit Department at China National Aviation Fuel Group Limited (“CNAF”) between 2012 to 2017. From 2007 to 2012, Mr Xu was the Chief Financial Officer of CNAF Land Oil Company Limited and subsequently, Chief Financial Officer of CNAF Petroleum Company Limited. Before joining CNAF, Mr Xu served 19 years at the head office of PetroChina Jinxi Refining and Chemical Company as well as a branch of PetroChina Jinxi Petrochemical Company with responsibilities for financial assets management, accounting and audit.

Mr Xu holds a Master of Engineering in Software Engineering from Beihang University and a Bachelor degree in Accounting from Dongbei University of Finance and Economics. He is also a member of the Chinese Institute of Certified Public Accountants, a Certified Internal Auditor as well as a certified Senior International Finance Manager (SIFM).

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Vice President of CAO Group/President, NAFCO

Mr Zhang Xingbo, as Vice President of CAO, provides leadership and oversight on the global supply and trading businesses as well as the operations function of CAO where he also assists the CEO to manage the safety and operational risks of the Group’s global business activities. Concurrently, Mr Zhang is the President of North American Fuel Corporation (“NAFCO”) and is responsible for the overall North America country operations, overseeing the financial and reporting functions as well as the risk management function at NAFCO. He is also the Chairman of China Aviation Fuel (Europe) Limited, Deputy Chairman of China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd and China Aviation Oil Xinyuan Petrochemicals Co., Ltd as well as a Director of NAFCO, and Oilhub Korea Yeosu Co., Ltd.

Mr Zhang has over 20 years of experience in the oil industry, having accumulated extensive experience in China National Aviation Fuel Group Limited’s (“CNAF”) procurement, trading and international business divisions in Asia Pacific and Europe. From 2011 to 2014, he was the Deputy General Manager of International Business at CNAF, where he was in charge of its overseas subsidiaries and the aviation business outside China. Prior to this role, he worked as Vice President at China Aviation Oil (Hong Kong) Company Ltd for more than 3 years, focusing on the expansion of the aviation marketing business. He was seconded to CAO as Deputy General Manager between June 2007 to June 2008, where he assisted in the management and operations of CAO. Mr Zhang started his career with China Aviation Oil Supply Corporation (the predecessor of CNAF) in 1993 where he was responsible for logistics coordination and procurement operations, specialising in the procurement of jet fuel imports to meet the needs of China’s civil aviation industry.

Mr Zhang holds a Bachelor and a Postgraduate degree in Arts (English major) from Lanzhou University. He is also an Associate Professor of Translation.