Mr. Wu Yuan becomes Chairman of Joy China

Mr Wu Yuan has joined Joy Mining Machinery as Chairman of Joy China. He recently retired as President of China Shen Hua Energy Co, the largest coal mining company in China and one of the largest coal mining companies in the world. Michael Sutherlin, President and CEO of Joy Global said, “We are very fortunate to have Mr. Wu’s stature, experience and knowledge on our team. I am confident that he will help drive our business in China to the next level.”

Prior to Shen Hua, Wu had a number of executive positions with major companies in China.  This included being Director of Overseas Engineering Development for the Chinese International Engineering Consulting Corp and General Manager of Ji Xi Mining Machinery Co, the largest Chinese shearer manufacturer. This experience has provided him with a thorough understanding of the China market from the perspective of both the producer and the manufacturer.

Joy says the emerging markets in general, and China in particular, represent its largest opportunity for future growth. It has been working on delivering its China 2010 programme, with the objective of growing the Chinese market to $500 million in revenues by 2010. Ted Doheny, President and COO of Joy Mining Machinery said, “The real potential of the China market is much greater than that, and Mr. Wu will help us to expand and accelerate our efforts and investment to grow and develop this major market.”