Chow Tai Fook Enterprises' New Co-CEOs Poised to Drive Growth

Chow Tai Fook Enterprises Appoints New Co-CEOs

Chow Tai Fook Enterprises (CTFE), the investment holding company of the Cheng family, has announced that it has established a CEO's office, led by three new co-CEOs: Christopher Cheng Chi-leong, Patrick Tsang On-yip, and Ho Gilbert Chi Hang. The company aims to accelerate growth and strengthen operations through this strategic leadership structure.

Leadership and Growth Strategy

Christopher Cheng Chi-leong, as co-CEO and head of North Asia, along with Patrick Tsang On-yip, leading the Americas, Australia, and Europe, and Ho Gilbert Chi Hang overseeing corporate functions, will drive CTFE's growth efforts. This leadership trio brings a wealth of experience that is fundamental to the company’s next expansion phase.

Background of Chow Tai Fook Enterprises

Founded in 1929, CTFE has maintained a diverse portfolio, including investments in real estate, hospitality, and other sectors. The company is also the primary shareholder in New World Development and NWS Holdings.

• Henry Cheng Kar-shun, the family patriarch, has sparked discussions regarding succession planning.
• Despite rumors of family strife, a senior member has strongly refuted claims of discord.
• Forbes ranks the Cheng family as Hong Kong's third richest, with a combined net worth of US$22.1 billion.

“I am excited to continue to grow the office with the appointment of the three leaders whom I have worked closely with in different fields of the business,” stated Henry Cheng. This evolution in leadership is expected to enhance the family's enduring legacy while fostering positive impacts within their operational territories.