(CFP)

Zhang Dazhong, founder of Dazhong Electronics, was appointed chairman and non-executive director of Gome, the largest home appliance retailer in China. Zhang's appointment was announced soon after the resignation of his predecessor Chen Xiao.

Zhang, 63, is seen as the right person to helm Gome. The company's former Chairman Huang Guangyu was sentenced to jail for 14 years on charges of illegal business dealings, insider trading and corporate bribery. With Zhang's appointment, the company has finally ended the struggle for control of Gome between imprisoned founder Huang and his successor Chen.

Zhang sold all his shares of Dazhong Electronics to Gome for 3.65 billion yuan ($555.8 million) in 2007. After the sale, Zhang was out of the public eye. As a veteran of the household electrical appliances industry, Zhang was chosen as Chen's successor in order to stabilize Gome's situation and improve its chances for future development.