Hong Kong’s Hang Lung Properties names former Starbucks China head Leo Tsoi as new CEO

Tsoi’s appointment marks Hang Lung’s first CEO change since Adriel Chan took over from his father Ronnie Chan as chairman in 2024 Tsoi will join Hang Lung Group and Hang Lung Properties on September 7 as CEO-designate and executive director ahead of formally assuming the CEO role on October 1. He succeeds Weber Lo Wai-pak, who retires on August 31 after serving as CEO for eight years, the developer said in a statement on Friday. Tsoi, 56, has more than three decades of experience in retail and business management in Asia. He currently serves as CEO of Toys ‘R’ Us Asia, where he expanded the brand’s appeal to the “kidult” segment, and revived business growth across China and Southeast Asia, according to Hang Lung. Prior to this role, he headed Starbucks China as CEO after holding several senior leadership positions in the US coffee giant. Earlier in his career, Tsoi “built a strong leadership foundation” at PepsiCo and Procter & Gamble Greater China, Hang Lung said.

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