Why did Niu Gensheng resign from Mengniu?

The first point is the inevitable result of the expansion of COFCO’s entire industry chain.

The second point is derived from Niu Gensheng’s radicalism.

The third point is that the plummeting share price of Mengniu caused by the melamine incident put Mengniu into an unprecedented predicament. Niu Gensheng's book of ten thousand words at that time exposed a huge financial hole and crisis. Eventually, Mengniu was completely taken over by COFCO, and Niu Gensheng was sadly eliminated.

Niu Gensheng - founder of Mengniu Niu Gensheng founded Mengniu in 1999. In just 8 years, Mengniu became the global liquid milk champion and the overall champion of China's dairy industry. Mengniu Group is even regarded as a Chinese enterprise by the world. The benchmark for tenacious rise. Because the industrial chain connects millions of dairy farmers, tens of millions of shareholders, and hundreds of millions of consumers, it is known as "China's largest rice bowl enterprise" since the development of the western region.

In June 2011, Mengniu founder Niu Gensheng was dismissed as chairman of the board of directors. Niu Gensheng's elimination is, on the one hand, the inevitable outcome of the expansion of COFCO's entire industry chain; on the other hand, it is due to Niu Gensheng's radicalism.

The plummeting share price of Mengniu caused by the melamine incident put Mengniu into an unprecedented predicament. Niu Gensheng’s book of ten thousand words at that time exposed a huge financial hole and crisis. Eventually, Mengniu was completely taken over by COFCO, and Niu Gensheng was sadly eliminated.

As for the reasons for Niu Gensheng’s resignation, Mengniu Dairy stated in the announcement that Niu Gensheng plans to devote most of his time to charity work. In the eyes of the outside world, Niu Gensheng's departure seems to be taking responsibility for the melamine incident that year.