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Donald Tang, executive chairman of Shein, the global fast-fashion retailer, is preparing to step down as the company nears its public offering, according to sources with first-hand knowledge of the situation. Tang has been the public face of the company for…
Shinsegae Group’s chairman, Chung Yong-jin, is set to expand his role within the organization, assuming CEO positions at both E-mart and Shinsegae Property. This move by the South Korean retail heavyweight signals an aggressive push for growth in its primary…
Bui Quang Dung has been appointed as the new chairman of Bamboo Airways, replacing Le Thai Sam. The announcement was made on Thursday, confirming that the change would take effect from the preceding Wednesday. Dung simultaneously holds the position of deputy…
The former chairman of Esteé Lauder, Leonard A Lauder, has sadly passed away at the age of 92. Loss of a Visionary Lauder’s death leaves a significant void in the company and the wider industry. His son, Gary M Lauder, who is also a member of the Esteé Lauder…
In an exciting turn of events, Japanese clothing giant Uniqlo has unveiled plans for a brand-new store opening in the bustling heart of Shanghai, slated for early 2024. The store, strategically located in the iconic Jing’an district, aims to cater to the…
Deutsche Bank’s supervisory board committee supported the nomination of a new chairman, formerly from Dutch insurance firm Aegon. The supervisory board committee fully backed the nomination of Alexander Wynaendts as the German lender’s new chairman and he now…
Vietnam Bank for Industry and Trade (VietinBank) has elected General Director Tran Minh Binh as the bank’s new chairman for the 2019-2024 term. The appointment came Tuesday, two months after the bank’s former chairman, Le Duc Tho, was appointed secretary of…
Let’s use our imagination a little, shall we? Had the U.S. not placed Huawei on the Entity List for security reasons in 2019 and followed that up exactly a year to the day by changing Export rules banning Huawei from receiving chips from certain foundries…
Shares of OCB are undervalued by 25 percent, its chairman Trinh Van Tuan said at the private lender’s annual general meeting Wednesday. He said his assertion was backed by many stock brokerages that have suggested a price of VND30,000 ($1.31) for the OCB…
Nissan Motor announced Guillaume Cartier as its new Chairperson for the Africa, Middle East, India, Europe and Oceania (AMIEO) region. Effective April 1st, Cartier will lead all Nissan operations in the region, which covers more than 140 markets across four…
Will McLane was named Asia Pacific vice chairman of technology at Citi, according to an internal memo, in addition to his existing role as vice chairman of the global financial institution’s group (FIG). We have asked McLane to assist the APAC technology team…
The Chairman of the Board of Management of BMW AG, Harald Kruger, gave notice that he will not seek a second term of office. The Supervisory Board will address the matter of a successor during its next meeting on 18 July 2019. Until a decision has been made,…
Shopping centre operator Vicinity Centres has revealed that non-executive director Peter Kahan will replace Peter Hay as chair when he retires in August. Hay, who has served as chairman since Vicinity was formed in a 2015 merger of Federation Centres and…
The bank’s new ethics and conduct board committee wants to ensure that the group’s core values of trust and integrity continue to anchor the way it conducts its business. OCBC Bank has formed an ethics and conduct board committee, which is chaired by OCBC…
Alibaba founder Jack Ma has stepped back from active roles in five subsidiary companies as he prepares to hand over executive chairmanship of the company in September. Management of Alibaba say the moves were intended to improve the firm’s governance and…
China Telecom announced that Yang Jie (pictured) has resigned from his role as chairman of parent company China Telecom Corporation, and has been re-designated as chairman of China Mobile Communications Group. Yang has also resigned from his positions as…
