NVC's "perfect" ending: Wu Changjiang's return to good

[Guide] This pair of partners who have been hailed as "water and fire", but now WeChat "private chat" because they are actually people sitting on the same boat.

"I just learned WeChat, very interesting." He said, fiddling with the phone.

"You add me, I know." Wu Changjiang responded with a sentence.

"Why didn't you give me back?" The words are still straightforward.

On September 29, the day before the Mid-Autumn Festival, a small meeting room on the third floor of a hotel in Zhongguancun, Beijing. Wu Changjiang, founder of NVC Lighting (02222.HK), founding managing partner of Safford Investment Fund, and Zhu Hai, president of Schneider Electric (China) Co., Ltd., the three protagonists of the "NVC storm" in the past few months Come together.

Wu Changjiang "returned" NVC has been in charge for nearly a month, and the largest lighting company in China has "returned to God" from the edge of the collapse and began to get back on track. It is time to make a complete break in the past, telling the outside world that NVC has returned to a stable situation.

This pair of partners who have been hailed as "water and fire" are now "privately talking" because they are actually people sitting on the same boat.

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Fighting war


"NVC storm" was once misunderstood as foreign competition for national brands. On May 25 this year, Wu Changjiang suddenly resigned due to assisting in the investigation of a NVC consultant in Chongqing. Zhang Kaipeng from Schneider Electric took over as the chairman and CEO of NVC. As of July, Wu Changjiang assisted in the investigation, but still failed to return to the NVC board. The "conspiracy theory" was once rampant. It is speculated that foreign investors have joined forces to compete for the ownership of NVC from the founders.

The parties denied the "conspiracy theory". Wu Changjiang admitted that Schneider Electric was originally introduced by him to NVC as a strategic investor. "I have no regrets so far." Schneider Electric sent a management diagnosis for NVC, which was also invited by NVC and paid a consulting fee of 1 million yuan.

"We have not had interests and power disputes in the three parties." Zhu Hai said, so there is no rebalancing of power. If the company is likened to a car, the main operator is the car driver. "Schneider Electric is 'not driving" in NVC because the car itself has a good driver and team.

Then, why did the three parties get the sword? I recalled that the outside world thought that Schneider Electric would have to seize power. In fact, Zhang Kaipeng was appointed on May 25, and the other two colleagues with Schneider Electric background have already entered NVC. This is the result of Wu Changjiang and Zhu Hai. Among them, Li Ruiyuan is the best person in Schneider Electric's international sales business.

"We also had negligence at the beginning." Yan Yancheng, let Schneider Electric strengthen the institutional management of NVC, do business consulting, conduct internal audits, and write more than 100 pages of reports. “I didn’t expect the staff to react so much: Schneider Electric sent the team to come, and sent so many people to visit, to enter NVC! Why would anyone say that the national brand was occupied, we also did not consider the comprehensive place, let the staff misunderstand ."

The Safran Fund did not think about the transfer of its shareholding in NVC to Schneider Electric. He said, "We have never discussed this topic."

Wu Changjiang also frankly said that many things that happened in the past few months were misunderstandings and lack of trust. In fact, the three parties used to be consistent in strategy and philosophy. "We don't have big disputes, and it is irrational that the company has some civil strife."

As for why Wu Changjiang has not been able to return to the NVC board of directors, he said that "foreign capital captures power" is a lack of understanding of the procedures of listed companies. Wu Changjiang has procedures from resignation to return. Every time the media reports, the Hong Kong Stock Exchange has asked for clarification. Wu Changjiang could not be arranged to return before clarification. Before August, the independent investigation committee set up by the NVC board of directors did not complete the investigation of related matters, so there was no way for Wu Changjiang to return. "Even today, the legal process of Mr. Wu’s return to the board of directors has not yet been completed. For example, an extraordinary shareholders meeting is still needed now."

"Objectively speaking, the past is not for power, but actually for vindictiveness. The character of us (referring to him and 阎焱) is relatively strong." Wu Changjiang said, "Then we all calm down, then reflect, reflect, think why we, everyone All are socially responsible. For NVC and employees, we have this responsibility. If it goes on, it will be detrimental to the company and employees."

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