Inter Milan Names New President
By Jay Stuart | October 26, 2018
Steven Zhang was today named the new President of F.C. Internazionale Milano S.p.A at the club’s annual shareholders’ meeting in Milan.
The 26-year-old Zhang is the President of Suning International, the overseas division of Suning Holdings Group, ranked second among the top 500 non-state-owned enterprises in China with annual revenues of approximately €69 billion, and the owners of Suning.com.
Acknowledged as one of the most influential young business leaders in China, he has featured in Fortune China magazine’s ‘40 Under 40’ list for the past two consecutive years.
He also serves as a member of the UEFA Club Competitions Committee.
“Today, I am extremely proud to lead this club into a new era,” Zhang said. “I feel the responsibility to satisfy the passion of the millions of fans all over the world and, I am more than ready to accept the challenge of President in this, the 110th year of this prestigious club.
He added: “We will continue to make the sports performance the number one focus of our attention, and make sure the team has all the best support necessary to compete and be successful at the very highest levels of both the international and domestic game.
“Off the pitch, we will make Inter as strong a company as it is on the pitch. We must build strong skills in the commercial and marketing areas and further strengthen the management team.
“Meanwhile, we will keep enlarging the scope of our business globally. And we will continue to explore the possibilities of digital management and digital communications, to make Inter a leader in the field of technology.”
The meeting also approved of the club’s financial results for the 2018 financial year with consolidated statutory revenues of €347 million, a 9% increase from 2017 and 45% up from 2016.