Philip Morris has picked Jennifer Li, chief financial officer of Baidu, the Chinese online search company, to join its board as an independent director – the fourth Chinese executive chosen to serve as a director for an S&P 500 company and the first woman from the country.
Her appointment reflects the rise of a new generation of Chinese management talent that brings the country’s corporate sector closer to international peers.
Ms Li has an MBA from the University of British Columbia and a bachelor of arts degree from Tsinghua University, China’s leading school for science and engineering.
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