Chow Tai Fook Enterprises appoints 3 co-CEOs with diversified experience to lead growth
The office of the CEO will be headed by Christopher Cheng, Patrick Tsang and Ho Gilbert Chi Hang
Chow Tai Fook Enterprises (CTFE), the investment holding company of the Cheng family, said on Friday that it has set up a CEO’s office that will be helmed by three executives, including one of the clan’s youngest scions.
The newly established position will be headed by Christopher Cheng Chi-leong, the co-CEO and head of North Asia; Patrick Tsang On-yip, the co-CEO and head of Americas, Australia and Europe; and Ho Gilbert Chi Hang, the co-CEO and head of corporate functions and operations, CTFE said in a statement.
Christopher Cheng is one of the sons of patriarch and billionaire Henry Cheng Kar-shun and the younger brother of Adrian Cheng Chi-kong, the CEO and executive vice-chairman of New World Development, one of the group companies.
“The creation of the CEO office will enable CTFE … to accelerate growth and strengthen operations,” The company said in a statement. “The three senior executives bring together diversified sector and region expertise that are instrumental for the next phase of growth of the family office.”
CTFE is part of the group of companies founded under the Chow Tai Fook name in 1929. It has strategic investments across various sectors, including real estate and hospitality, jewellery, infrastructure, energy, healthcare and insurance, education, and media.
