Ifei Chang, CEO of Greenland USA, stepped down Friday without an explanation.
Chang, who became CEO in 2013, will be succeeded on an interim basis by Hu Gang, an executive vice president at the company.
“Greenland Group recognizes Ms. Chang’s achievements, and respects her choice to resign for personal reasons,” the company wrote in a news release.
Greenland, the Los Angeles-based subsidiary of one of China’s largest real estate developers, is one of the largest foreign investors in the New York market. [more]