Fosun's Guo sees short-term impact from departure of CEO, other executive

HONG KONG, March 29 (Reuters) - Fosun International Ltd

, China's largest private conglomerate, expects the

departure of two top executives to have a short-term impact on

its business, Chairman Guo Guangchang said on Wednesday.

The Shanghai-based conglomerate said late on Tuesday Chief

Executive Liang Xinjun and Ding Guoqi, an executive director of

Fosun and former chief financial officer, had resigned. Liang

stepped down for health reasons and Ding to spend more time with

his family, the company said in a securities filing.

Fosun also reported a 28 percent increase in profit in 2016

to 10.3 billion yuan ($1.5 billion).

The company named Wang Qunbin, one of its billionaire

co-founders, as new CEO.

($1 = 6.8904 Chinese yuan renminbi)

(Reporting by Julie Zhu; Writing by Elzio Barreto; Editing by

Randy Fabi)