Cosmo Lady’s CEO leaves
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Chinese fashion label Cosmo Lady’s CEO Zheng Yaonan has resigned. The resignation took effect as of yesterday, with Zheng remaining as the chairman of the board and an executive director of the company. He is replaced by new CEO Siu Ka Lok, who has been appointed to the position with immediate effect.
Zheng was chairman, CEO and an executive director of the company since its Hong Long Stock Exchange listing in June 2014. He voluntarily resigned his post as CEO for the purposes of improving the firm’s operating results and enhancing the corporate governance of the group, splitting the roles of chairman and CEO, according to a company stock-exchange filing.
As CEO, Siu’s major duty will be to manage the intimate wear business of the group, responsible for planning the group’s strategic development, implementing the resultant strategies, policies and regulations, and supervising the daily work of core senior officers.
Siu was formerly the senior VP of Adidas Greater China.
Questions & Answers
Q.What roles will Zheng Yaonan continue to hold at Cosmo Lady after stepping down as CEO?
What roles will Zheng Yaonan continue to hold at Cosmo Lady after stepping down as CEO?
Zheng Yaonan will remain as the chairman of the board and an executive director of Cosmo Lady. He relinquished the CEO role as of yesterday but maintains these other key positions within the company structure.
Q.What is the primary reason given for Zheng Yaonan’s resignation as CEO?
What is the primary reason given for Zheng Yaonan’s resignation as CEO?
Zheng Yaonan voluntarily resigned his post as CEO to improve the firm’s operating results and enhance the group's corporate governance. This change was made to split the roles of chairman and CEO.
Q.What are the main responsibilities of the new CEO, Siu Ka Lok?
What are the main responsibilities of the new CEO, Siu Ka Lok?
Siu Ka Lok's major duty as CEO will be to manage the intimate wear business. He is also responsible for planning and implementing strategic development, as well as supervising the daily work of senior officers.
Q.What was Siu Ka Lok's previous professional experience before joining Cosmo Lady?
What was Siu Ka Lok's previous professional experience before joining Cosmo Lady?
Prior to his appointment as CEO at Cosmo Lady, Siu Ka Lok held the position of senior Vice President at Adidas Greater China. He brings this experience to his new role within the fashion group.
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