Jeremy Paul Egerton HOBBINS (Chief Executive Officer)
Srinivasan PARTHASARATHY (Chief Financial Officer)
Dr Victor FUNG Kwok King GBM, GBS, CBE (Chairman)
Sabrina FUNG Wing Yee (Deputy Chairman)
Dr William FUNG Kwok Lun SBS, OBE, JP
Terence FUNG Yue Ming
WONG Yat Ming
Independent Non-executive Directors
Eva CHENG LI Kam Fun
Cassian CHEUNG Ka Sing
Michael LEE Tze Hau
Danny LAU Sai Wing
Michelle NG Keng Chu
Raymond Mark CLACHER
Jeremy Paul Egerton HOBBINS, aged 69, has been appointed as the Company's Executive Director and the Group's Chief Executive Officer with effect from 4 June 2016.
Mr Hobbins is a non-executive director of the publicly listed Convenience Retail Asia Limited. He joined the Fung Group in 1999 and was Group Managing Director of Fung Retailing Limited, a substantial shareholder of the Company, and previously Deputy Chairman of Fung Distribution International Limited. He was also a director of the Company from December 2006 to June 2011 and its Group Managing Director from March 2007 to May 2009.
Prior to joining the Fung Group, Mr Hobbins has held a number of management positions in a variety of companies including Chief Executive of Inchcape Marketing Services - Asia Pacific and its listed subsidiary in Singapore, Chief Executive of Inchcape Buying Services based in Hong Kong, President of the Campbell Soup Company, United Kingdom, and President of Ault Foods, Canada. He had also held a number of senior management positions in Procter & Gamble, Hutchison Whampoa and Cadbury Schweppes where he started his career in brand management.
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Srinivasan PARTHASARATHY, aged 59, is the Chief Financial Officer of the Group from 1 July 2015 and Executive Director of the Company from 23 May 2016. He is responsible for overseeing the Group's finance, accounting, human resources and information technology functions.
From January 2012 to June 2015, he was the Group Chief Compliance Officer of Fung Holdings (1937) Limited, a substantial shareholder of the Company and also its publicly listed companies including the Company.
Mr Parthasarathy, who has more than 30 years of professional experience, has held various financial and commercial positions with the Fung Group since 1999, and the Inchcape group before that in Hong Kong, Singapore, the United Kingdom and the Middle East. He has previously served as chief financial officer of two listed companies in Singapore and Hong Kong.
Mr Parthasarathy is a Commerce Graduate of Bombay University and qualified as a Chartered Accountant in India, securing fourth position in the All India Merit Rankings. He is also a Fellow Member of the Chartered Institute of Management Accountants, United Kingdom.
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Dr Victor FUNG Kwok King GBM, GBS, CBE, aged 70, brother of Dr William Fung Kwok Lun, father of Ms Sabrina Fung Wing Yee and uncle of Mr Terence Fung Yue Ming, has been the Chairman of the Company and a Non-executive Director since December 2006. Dr Fung is Group Chairman of the Fung group, a Hong Kong-based multinational group which comprises major operating groups engaging in trading, logistics, distribution and retailing. They include publicly-listed Li & Fung Limited, Global Brands Group Holding Limited, Convenience Retail Asia Limited and the Company. Dr Fung has become Honorary Chairman of Li & Fung Limited after stepping down as its Group Chairman since May 2012. He is also a director of King Lun Holdings Limited, Fung Holdings (1937) Limited, Fung Retailing Limited and Fung Trinity Investments Limited, which are substantial shareholders of the Company. Dr Fung holds Bachelor's and Master's degrees in Electrical Engineering from the Massachusetts Institute of Technology, and a Doctorate in Business Economics from Harvard University.
Dr Fung is an independent non-executive director of Chow Tai Fook Jewellery Group Limited (Hong Kong) and Koç Holding A.Ş. (Turkey). Formerly, he was an independent non-executive director of Baosteel Group Corporation (October 2005 - January 2013), BOC Hong Kong (Holdings) Limited (June 2002 - June 2014) and China Petrochemical Corporation (April 2012 - January 2016). In July 2015, Dr Fung was appointed as Chairman of the Advisory Board of the Asia Global Institute at The University of Hong Kong, a new multi-disciplinary think-tank to assume and carry forward the mission and operations of Fung Global Institute, of which Dr Fung was Founding Chairman (July 2010 - June 2015). In public service, Dr Fung is a member of the Chinese People's Political Consultative Conference. He is also a member of the Economic Development Commission of the Hong Kong Government, and Chairman of the Steering Committee on the Hong Kong Scholarship for Excellence Scheme. In July 2016, Dr Fung was appointed an Advisor of the Infrastructure Financing Facilitation Office of The Hong Kong Monetary Authority. Dr Fung was Chairman of the Hong Kong Trade Development Council (1991-2000), the Hong Kong representative on the APEC Business Advisory Council (1996-2003), Chairman of the Hong Kong Airport Authority (1999-2008), Chairman of The Council of The University of Hong Kong (2001-2009), Chairman of the Greater Pearl River Delta Business Council (2004-2013), a member of the Commission on Strategic Development of the Hong Kong Government (2005-2012), Chairman of the International Chamber of Commerce (2008-2010), a member of WTO Panel on Defining Future of Trade (2012-2013) and a vice chairman of China Centre for International Economic Exchanges (2009-2014). In 2003 and 2010, the Hong Kong Government awarded Dr Fung the Gold Bauhinia Star and Grand Bauhinia Medal, respectively, for distinguished service to the community.
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Sabrina FUNG Wing Yee, aged 45, daughter of Dr Victor Fung Kwok King, niece of Dr William Fung Kwok Lun and cousin of Mr Terence Fung Yue Ming, is a Non-executive Director. She was appointed as a Director in September 2007 and re-designated from the office of an Executive Director to a Non-executive Director in February 2014. She was appointed a Deputy Chairman of the Company in August 2016.
Ms Fung is the Group Managing Director of Fung Retailing Limited, a substantial shareholder of the Company. She is a director of Macy's China Limited, which is a joint venture between Macy's Inc and Fung Retailing Limited. She started her career at the private investment arm of Fung group in 2000 as Investment Manager running the family's investments and is the Investment Director of Fung Investment Management Limited. Prior to joining the Fung group, she worked for Brown Brothers Harriman & Co in New York and later held the position of Assistant Manager at its Hong Kong office until 1999. Ms Fung is experienced in the retail industry and also held positions in marketing and public relations for Salvatore Ferragamo Asia, merchandising and sourcing for Li & Fung (Trading) Limited and wholesale branding for Li & Fung USA.
Ms Fung graduated from Harvard University, with a Bachelor of Arts degree in Economics in 1993. She is a member of the Special Task Group of the Moral Education Concern Group, the Advisory Committee of the Tanoto Center for Asian Family Business and Entrepreneurship Studies at HKUST, the Hong Kong-Europe Business Council (HKEBC), and board of directors of the Faculty of Business and Economics of The University of Hong Kong respectively. In addition, Ms Fung is the Co-Chair of Asia Council of St Paul's School in New Hampshire, the US, and previously served on its Board of Trustees. She was a member of the Mainland Business Advisory Committee of Hong Kong Trade Development Council.
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Dr William FUNG Kwok Lun SBS, OBE, JP, aged 67, brother of Dr Victor Fung Kwok King, uncle of Ms Sabrina Fung Wing Yee and father of Mr Terence Fung Yue Ming, has been a Non-executive Director since December 2006. He was also a Deputy Chairman from December 2006 to August 2016. Dr Fung is the Group Chairman of Li & Fung Limited, Chairman and non-executive director of Global Brands Group Holding Limited and a non-executive director of Convenience Retail Asia Limited, all within the Fung group. He is a director of the substantial shareholders of the Company, namely, King Lun Holdings Limited, Fung Holdings (1937) Limited, Fung Retailing Limited and Fung Trinity Investments Limited.
He is past Chairman of the Hong Kong General Chamber of Commerce (1994-1996), the Hong Kong Exporters' Association (1989-1991) and the Hong Kong Committee for Pacific Economic Cooperation (1993-2002). In 2008, the Hong Kong Government awarded Dr Fung the Silver Bauhinia Star for distinguished service to the community. He graduated from Princeton University with a Bachelor of Science degree in Engineering and holds a Master of Business Administration degree from the Harvard Graduate School of Business. He was conferred the degrees of Doctor of Business Administration, honoris causa, by The Hong Kong University of Science & Technology and by The Hong Kong Polytechnic University. Currently, Dr Fung is an independent non-executive director of VTech Holdings Limited, Shui On Land Limited, Sun Hung Kai Properties Limited, The Hongkong and Shanghai Hotels, Limited and Singapore Airlines Limited.
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Terence FUNG Yue Ming, aged 36, son of Dr William Fung Kwok Lun, nephew of Dr Victor Fung Kwok King and cousin of Ms Sabrina Fung Wing Yee, who are all Non-executive Directors of the Company. Mr Terence Fung was appointed as a Non-executive Director on 10 August 2016.
He is the Executive Vice-President of Corporate Services of Li & Fung (Trading) Limited, a wholly-owned subsidiary of Li & Fung Limited which is listed on the Stock Exchange. He manages Li & Fung's hub operations in Hong Kong, Korea and Taiwan. He also is responsible for Li & Fung group's corporate services and for strategic engagement with stakeholders on matters of local business environment of these regions. Mr Fung who joined the Li & Fung group in 2004 attended Princeton University and Boston College in the United States.
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Jean-Marc LOUBIER, Aged 60, was appointed an Independent Non-executive Director on 1 June 2009 and re-designated as a Non-executive Director on 23 March 2011. He is the Chief Executive Officer of HKL Holding in Paris, France. He is also the Chief Executive Officer of RC Holdings SAS, which operates the footwear and accessories brand, Robert Clergerie. Mr Loubier is the President of First Heritage Brands Advisory SAS and Delvaux Design Coordination & Finance NV and the Chairman of Sonia Rykiel Creation et Diffusion de Modeles SA. He is a Board Member of Federation Francaise de la Couture et du Pret-a-Porter and a Vice President of Chambre Syndicale du Pret-a-Porter. He is also a Director of Comite Colbert, French Association of Luxury Companies. He was appointed as a supervisory board member of AdVini SA, a company listed on the Paris Stock Exchange, in 2015.
Mr Loubier was an independent non-executive director of Harry Winston Diamond Corporation (which changed its name to "Dominion Diamond Corporation" after its sale of retail business), a company listed on the Toronto Stock Exchange and the New York Stock Exchange, from December 2010 to July 2013. He was the Chief Executive Officer of Escada AG, a company listed on the Frankfurt Stock Exchange, from 1 June 2007 to 30 June 2008 and was a member of its supervisory board and chairman of its strategy committee from November 2006 to May 2007. Previously, Mr Loubier held key managing positions for 16 years in the LVMH Group, where he joined Louis Vuitton Malletier in 1990 as Director of Communications, and was later the Executive Vice President until 2000. He was the President and Chief Executive Officer of Celine from 2000 to 2006. Mr Loubier has an extensive and profound international experience in the luxury, fashion, and retail industries.
Mr Loubier graduated from Institut d'Etudes Politiques de Paris, France, and obtained a Master of Business Administration degree from HEC (Hautes Etudes Commerciales), France, in 1983.
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WONG Yat Ming, aged 66, was re-designated as a Non-executive Director in May 2014. He was appointed a Director in December 2006 and was the Group Managing Director from June 2009 to May 2014. Mr Wong is a director of Fung Retailing Limited, a substantial shareholder of the Company, and also a managing director of Heritage Foods (Hong Kong) Limited.
Mr Wong joined the Fung group in 1999 as Regional Director of Fung Distribution International Limited. Previously, he was the Chief Executive, Consumer and Healthcare of Greater China of Inchcape Marketing Service, and a director of Inchcape Pacific Limited. He has more than 30 years of experience in the distribution of consumer products including fast-moving consumer products in the Asia-Pacific Region. He has ample experience in the marketing of consumer brands and successfully marketed many well-known consumer brands in the Asia-Pacific Region.
Mr Wong holds a Bachelor of Arts (Hons) degree in Economics and Philosophy from The University of Hong Kong.
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Independent Non-executive Directors
Eva CHENG LI Kam Fun, aged 63, was appointed an Independent Non-executive Director on 1 November 2011. Mrs Cheng is an executive director of Our Hong Kong Foundation, which is a non-government, non-profit institute - a think tank dedicated to independent research focused on Hong Kong's near and long-term development needs.
Mrs Cheng began her career with Amway in Hong Kong in 1977 and was promoted to the rank of Corporate Executive Vice President of Amway in 2005. She had direct responsibility for all Amway markets in the Greater China and Southeast Asia regions. She is best known for leading Amway's entry into China in 1991, and served concurrently as Executive Chairwoman of Amway China Co. Ltd. until her retirement in the spring of 2011. Under her leadership, Amway China overcame significant regulatory and operating challenges and grew to become a business enterprise with over US$3 billion in revenues in 2010. In 2007, CNBC presented Mrs Cheng with the "China Talent Management Award". In 2008 and 2009, she was twice named by Forbes magazine as one of the "World's 100 Most Powerful Women". In 2010, Fortune magazine (Chinese edition) named her as one of the "25 Most Influential Business Women in China".
Mrs Cheng is the Founding Chairwoman & Honorary Chairwoman of the Amway Charity Foundation, Member of the Executive Committee of the All-China Women's Federation, and Member of the Guangdong Provincial Committee of Chinese People's Political Consultative Conference. She currently serves as independent non-executive director on other publicly listed company boards of Haier Electronics Group Co., Ltd. in Hong Kong, Amcor Limited in Australia and Nestlé S.A. in Switzerland. She was an independent non-executive director of Amway (Malaysia) Holdings Berhad (a listed company in Malaysia), Esprit Holdings Limited (a listed company in Hong Kong) and The Link Management Limited (the manager of The Link Real Estate Investment Trust which is listed in Hong Kong).
Mrs Cheng graduated from The University of Hong Kong and holds a Bachelor of Arts (Hons) Degree and a Master of Business Administration Degree.
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Cassian CHEUNG Ka Sing, aged 60, was appointed an Independent Non-executive Director on 1 October 2008. Mr Cheung is an executive director and Group Chief Executive Officer of Next Digital Limited, a company listed on the Main Board of the Stock Exchange, and he was its Interim Group Chairman from December 2014 to June 2016.
Mr Cheung was the President of Wal-Mart China Co Ltd from 2002 to 2005, where he led the expansion of Wal-Mart retail stores in China and managed a team of more than 20,000 associates. Prior to joining Wal-Mart, he was the President of Quaker Oats Asia, Inc, which managed amongst other brands, the Gatorade Sports Drinks and Quaker Cereals brands. Mr Cheung also worked in The Nestlé Company from 1978 until 1994, and was the Chief Operating Officer-PRC for Nestlé (China) Ltd from 1992 to 1994.
He is a member of the Global Advisory Board of the Kellogg School of Management at Northwestern University, and was the President of the Hong Kong Kellogg Alumni Club. He is also an advisory member of the Global Business program of the Business School of the Hong Kong University of Science and Technology ("HKUST"). Since 2005, Mr Cheung has been an adjunct professor at the Business and Management School of the HKUST, where he teaches management courses in both the Master of Business Administration program and the undergraduate Global Business program.
Mr Cheung received a Master of Business Administration degree from the Kellogg School of Management, Northwestern University and an honorary degree of Doctor of Humane Letters from Saint Joseph's College, Indiana, USA.
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Michael LEE Tze Hau, aged 55, was appointed an Independent Non-executive Director on 1 October 2008. Mr Lee is a director of Oxer Limited, a private investment company.
Mr Lee started his career in the investment industry in 1987 and has since held senior management positions in multinational investment companies including Indosuez Asia Investment Services Limited and Lloyd George Management. He also co-founded Asia Strategic Investment Management Limited in 1995.
He is a non-executive director of Hysan Development Company Limited and an independent non-executive director of Chen Hsong Holdings Limited, both of which are listed on the Stock Exchange. He is also a Steward of The Hong Kong Jockey Club. Mr Lee was a member of the Main Board and Growth Enterprise Market Listing Committee of The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission (HKEC Listing) Committee. He retired as an independent non-executive director of Hong Kong Exchanges and Clearing Limited and as the chairman and independent non-executive director of OTC Clearing Hong Kong Limited in April 2015.
Educated in the United States, Mr Lee holds a Bachelor of Arts degree from Bowdoin College and a Master of Business Administration degree from Boston University.
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Patrick SUN, aged 57, was appointed an Independent Non-executive Director on 1 October 2008. He is currently an independent nonexecutive director of Sihuan Pharmaceutical Holdings Group Ltd, China NT Pharma Group Company Limited, China Railway Signal & Communication Corporation Limited and Kunlun Energy Company Limited, all of which are listed in Hong Kong. He is also an independent non-executive director of CRRC Corporation Limited and China Railway Construction Corporation Limited, both of which are listed on the Stock Exchanges of Hong Kong and Shanghai. He is a vice-chairman of The Chamber of Hong Kong Listed Companies and was its chairman (2013-2015) and Honorary Chief Executive Officer.
Mr Sun was an independent non-executive director and nonexecutive chairman of Solomon Systech (International) Limited, a non-executive director of Renhe Commercial Holdings Company Limited, an executive director of Value Convergence Holdings Limited and SW Kingsway Capital Holdings Limited (all of which are listed companies in Hong Kong), and an independent non-executive director of China Railway Group Limited (listed on the Stock Exchanges of Hong Kong and Shanghai), China CNR Corporation Limited (which was delisted in May 2015 due to merger with CRRC Corporation Limited) and The Link Management Limited (the manager of The Link Real Estate Investment Trust which is also listed in Hong Kong), the Senior Country Officer and Head of Investment Banking for Hong Kong of JP Morgan Chase, group executive director and Head of Investment Banking for Greater China at Jardine Fleming Holdings Limited. He was a member of the Takeovers & Mergers Panel and the Takeovers Appeal Committee, Deputy Convenor of the Listing Committee of the Stock Exchange and a council member of the Stock Exchange.
Mr Sun graduated from the Wharton School of the University of Pennsylvania, the United States, with a Bachelor of Science degree in Economics in 1981. Mr Sun also completed the Stanford Executive Program of Stanford Business School, the United States, in 2000. Mr Sun is a fellow of the Association of Chartered Certified Accountants, the United Kingdom, and a fellow of the Hong Kong Institute of Certified Public Accountants.
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Danny LAU Sai Wing, aged 64, is the Group's Chief Operating Officer from 1 January 2011. He has been responsible for the supply chain management of the Group until December 2015 when he started to oversee the Group's retail business in Asia covering the Greater China region and Singapore. He was an Executive Director of the Company from January 2011 to May 2016.
Prior to joining the Group, he was an executive director of Li & Fung (Trading) Limited, which is a wholly-owned subsidiary of Li & Fung Limited, a company listed on the Main Board of the Stock Exchange, where he was in charge of the business stream specialising in sourcing for global apparel brands and apparel specialty stores in the United States. Mr Lau joined the Li & Fung group in 1981 and was an executive director of Li & Fung Limited from 1992 to 2009.
Mr Lau graduated from the University of Kansas with a Bachelor of Science Degree in Business and Accounting.
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Michelle NG Keng Chu, aged 56, Executive Vice President - Asia Retail (China and Singapore). Prior to her present role, she was the Executive Vice President - Singapore of LiFung Trinity Management (Singapore) Pte Ltd and Cerruti Investment Pte Ltd. She was responsible for developing Trinity's owned brands into ASEAN markets.
Ms Ng joined the Group on 1 April 2007. She started the Salvatore Ferragamo joint-venture in South Korea managing both the domestic and travel retail business as well as various markets in South East Asia until end of 2012. Previously Ms Ng formed Branded Lifestyle, the fashion retailing arm of the Fung Group and has more than 29 years experience in luxury and fashion management. Her past portfolio includes Mango, Calvin Klein Jeans, Country Road, and GANT. Prior to the Group, Ms Ng joined Inchcape Berhad in 1986 handling personal-care products, sports footwear, and luxury goods, including Sheaffer pens, Vacheron Constantin, Nina Ricci, and Givenchy watches as well as premium fashion labels including Ermenegildo Zegna and Karl Lagerfeld. Before Inchcape Berhad, she worked in Export Credit Insurance Corporation of Singapore, Mulpha Sdn Bhd (Malaysia) and IBM (United Kingdom).
Ms Ng holds a Bachelor of Arts (Hons) degree from Brighton University, United Kingdom.
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Agnes SHEN, aged 61, is the Executive Vice President - Asia Retail (Hong Kong, Macau and Taiwan). She is also a director of two retail subsidiaries of the Company. Ms Shen joined Trinity Retail (H.K.) Limited in 1978. She was the Director of Merchandising responsible for product development, merchandising, and retail operations between 1987 and 1996. Prior to her present role, she was the Managing Director of Cerruti 1881 and the Executive Vice President - Retail Operations. Ms Shen has extensive knowledge of the premium menswear retail industry and the scope of her experience spans all aspects of the business.
Ms Shen holds a Bachelor of Science degree in Business Administration (Economics) from the University of San Francisco, the United States.
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Raymond Mark CLACHER, aged 52, joined the Company in 2009. Prior to his current role, he was the Executive Vice President - Retail (Hong Kong & Macau); Taiwan and also the Managing Director of Gieves & Hawkes. Mr Clacher has a retail career spanning 30 years including senior management positions in Asia and Europe. He was the Commercial Director of Gieves Limited from 2006 until joining Trinity Limited in 2009. He was the Retail Operations Director for United Colors of Benetton from November 2000 to July 2002 and prior to that, held senior management positions with UK retail companies such as House of Fraser, BHS and Littlewoods.
Mr Clacher holds a national business diploma from the Business Education Council.
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Laurent GROSGOGEAT, aged 55, joined the Company in March 2016. He is the Executive Vice President - Cerruti 1881. Prior to joining the Group, he developed a solid experience in luxury for over 20 years in the most prestigious houses - Louis Vuitton Malletier, Cartier as General Manager in South Korea and Italy, Chanel, where he was Senior Vice President of Jewellery & Watches for the US and Pacific, Estee Lauder Companies Inc. within the Global Retail Channel Division in New York. Mr Grosgogeat has deep expertise in selective distribution, across different product categories such as leather goods, fashion accessories, prestige beauty, as well as luxury watches and high-jewellery.
Mr Grosgogeat graduated from the Sorbonne University and the Institut d'Etudes Politiques de Paris (Sciences Politiques), France.
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updated 7th December, 2016
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