Retail Guru Leo Tsoi to Spearhead Hang Lung Properties as New CEO

Hang Lung Properties, a prominent Hong Kong property development firm, recently announced the appointment of retail expert, Leo Tsoi, as their new CEO and Executive Director. His tenure is scheduled to commence effectively as of October 1.

In an initial phase, Tsoi will join Hang Lung Properties as the CEO-Elect and Executive Director, beginning on September 7. He is set to succeed the current CEO, Weber Lo, who will continue to serve in his role until September 30.

Strategic Leadership Transition

Building on a solid foundation of leadership and experience, Adriel Chen, the Chair of Hang Lung Properties, speaks highly of Tsoi as the right choice for the company’s future. Chen’s confidence in Tsoi’s ability to navigate the company towards its next growth phase is unwavering. In his view, Tsoi’s impressive leadership record marks him as the ideal person for the role and guarantees future prosperity for the organization under his guidance.

In his address, Chen also expressed gratitude to the outgoing CEO, Weber Lo, acknowledging his significant contributions over the past eight years. He noted that Lo had left the company in a strong position, perfectly setting the stage for continued success in the future.

Decades of Retail Expertise

Tsoi comes with an impressive portfolio of over thirty years of experience in retail and business management. At present, he holds the position of CEO of Toys R Us Asia, where he has successfully steered the retailer’s venture into the thriving “kidult” market. His leadership has facilitated substantial growth across the regions of Greater China and Southeast Asia.

Before his stint with Toys R Us Asia, Tsoi had been at the helm of Starbucks China as CEO, following numerous senior leadership roles within the company. Earlier in his career, he had also held managerial positions at well-known companies such as PepsiCo and Procter & Gamble China.

In his response to the new appointment, Tsoi expressed keenness to work with Hang Lung’s employees, stakeholders, tenants, and customers. He highlighted his enthusiasm to be part of Hang Lung, a company with an expanding imprint and a commitment to operational excellence, making a significant influence on the communities it serves.