China's Cnooc CEO and vice chair Zhou Xinhuai steps down

China's Cnooc (0883) said its chief executive, executive director, and vice chairman Zhou Xinhuai has stepped down from the roles due to the change of the appointment with immediate effect. 

He has also ceased to be a member of the strategy and sustainability committee of the oil company on the same day, Cnooc said in a statement on Monday. 

Zhou has confirmed that he has no disagreement with the board and there is no matter in relation to his resignation that needs to be brought to the attention, the oil giant said.

The company also expressed its sincere gratitude to Zhou for his contributions to the company and the offshore oil industry.