Jin-Goon Kim, the former interim chief executive at Li-Ning, resigned as executive director and executive vice-chairman last week, marking his complete departure from the Chinese sportswear company. Li-Ning said he was leaving to pursue other business commitments. Kim was installed at Li-Ning from July 2012 by Texas Pacific Group (TPG), the investment firm that acquired a sizeable stake in Li-Ning and in which he is a partner. He was to drive far-reaching reforms at the company, but he stepped down as interim chief executive in November. Li Ning himself, the company's founder and executive chairman, was appointed interim chief executive in March, as the company apparently struggled to find a permanent replacement. Meanwhile, Wu Jen-Wei, chairman of Johnson & Johnson China, was appointed as non-executive director from August 12, on a nomination by TPG Stallion.

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