Business
Chow Tai Fook Enterprises Sets Stage for Growth: Appoints Triumvirate of Co-CEOs with Diverse Expertise
Chow Tai Fook Enterprises has announced the appointment of three co-CEOs, all with varied backgrounds, to guide the company's expansion. The CEO office will be managed by Christopher Cheng, Patrick Tsang, and Ho Gilbert Chi Hang.
On Friday, the Cheng family's investment holding firm, Chow Tai Fook Enterprises (CTFE), announced the establishment of a CEO's office. This office will be led by three top executives, one of whom is among the youngest members of the Cheng family.
CTFE has announced that the newly created role will be led by Christopher Cheng Chi-leong, who holds the titles of co-CEO and North Asia head; Patrick Tsang On-yip, co-CEO and leader of the Americas, Australia and Europe; and Ho Gilbert Chi Hang, co-CEO with responsibility for corporate functions and operations.
Christopher Cheng is a son of the family patriarch and billionaire, Henry Cheng Kar-shun. He is also the younger sibling of Adrian Cheng Chi-kong, who is the CEO and executive vice-chairman of New World Development, a company within their group.
The establishment of the CEO office will empower CTFE to boost expansion and fortify its operations, according to a company statement. The trio of high-level executives contributes a variety of industry and regional knowledge that is crucial for the family office's upcoming growth stage.
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