Edition:
United States

Li & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

3.92HKD
22 Jul 2016
Change (% chg)

HK$0.05 (+1.29%)
Prev Close
HK$3.87
Open
HK$3.85
Day's High
HK$3.92
Day's Low
HK$3.82
Volume
14,506,937
Avg. Vol
22,334,495
52-wk High
HK$6.44
52-wk Low
HK$3.31

Summary

Name Age Since Current Position

Kwok Lun Fung

66 2012 Executive Chairman of the Board

Kwok King Fung

70 2013 Honorary Chairman

Spencer Theodore Fung

41 2014 Chief Executive Officer, Executive Director

Sung Lai Lam

48 2012 Chief Financial Officer

Marc Compagnon

56 2014 President of LF Sourcing, Executive Director

Henry Chan

64 2011 President of LF Products

Phi Chua

52 2011 President of LF Logistics

Wai Ping Leung

62 2011 President of LF Fashion

Robert Lister

58 2013 President of LF Europe

Gerard Raymond

58 2011 President of LF Asia – Food, Health, Beauty & Cosmetics

Manuel Fernandez

44 Chief Technology Officer

Mok Oi Wai Mak

53 2014 Chief Administrative Officer

Srinivasan Parthasarathy

59 2011 Group Chief Compliance Officer

Richard Darling

61 2014 Head - Government and Public Affairs

Lale Kesebi

45 2014 Chief Communications Officer & Head - Strategic Engagement

Mei Chow Wan

51 Company Secretary

May Yee Leung Ko

63 2013 Non-Executive Independent Director

Paul Selway-Swift

71 1992 Non-Executive Independent Director

Yue Nien Tang

2009 Non-Executive Independent Director

Chi-Yun Wong

64 1999 Non-Executive Independent Director

Biographies

Name Description

Kwok Lun Fung

Dr. Fung Kwok Lun, OBE, is Executive Chairman of the Board of Li & Fung Ltd., with effect from May 14, 2012. He served as Group Managing Director from 1986 to 2011. Joined the Group in 1972 and became a Director of the Group’s export trading business in 1976. Graduated from Princeton University with a Bachelor of Science degree in Engineering. Holds an MBA degree from the Harvard Graduate School of Business. Degrees of Doctor of Business Administration, honoris causa, were conferred by the Hong Kong University of Science & Technology and by the Hong Kong Polytechnic University. An independent non-executive director of VTech Holdings Limited, Shui On Land Limited, Sun Hung Kai Properties Limited, The Hongkong and Shanghai Hotels, Limited and Singapore Airlines Limited. Chairman and non-executive director of Global Brands Group Holding Limited and a non-executive director of Convenience Retail Asia Limited and Trinity Limited, all within the Fung Group. A director of King Lun Holdings Limited and its whollyowned subsidiary, Fung Holdings (1937) Limited, substantial shareholders of the Company. A director of the Fung Global Institute, an independent non-profit think-tank based in Hong Kong. Past Chairman of the Hong Kong General Chamber of Commerce (1994-1996), the Hong Kong Exporters’ Association (1989-1991) and the Hong Kong Committee for Pacific Economic Cooperation (1993-2002). Awarded the Silver Bauhinia Star by the Hong Kong Government in 2008.

Kwok King Fung

Dr. Fung Kwok King, CBE, is Honorary Chairman of Li & Fung Ltd. He is also a Chairman of the publicly listed Convenience Retail Asia Limited and Trinity Limited. A director of King Lun Holdings Limited and its wholly owned subsidiary, Li & Fung (1937) Limited, substantial shareholders of the Company. Joined the Group in 1973 as Manager and became Managing Director of the Group’s export trading business in 1977. Became Group Managing Director in 1981 and Group Chairman in 1989. Holds Bachelor and Master Degrees in Electrical Engineering from the Massachusetts Institute of Technology, and a Doctorate in Business Economics from Harvard University. An independent non-executive director of BOC Hong Kong (Holdings) Limited in Hong Kong and Baosteel Group Corporation in the People’s Republic of China and Koc Holding A.S. in Turkey. An independent non-executive director of Chow Tai Fook Jewellery Group Limited in Hong Kong since November 2011. Founding Chairman of the Fung Global Institute launched in August 2011, an independent and non-profit think-tank that generates and disseminates innovative thinking and business-relevant research on global issues from Asian perspectives. Honorary Chairman of International Chamber of Commerce. A member of Chinese People’s Political Consultative Conference. A vice chairman of China Centre for International Economic Exchanges. A member of the Commission on Strategic Development of the Hong Kong Government. Chairman of the Greater Pearl River Delta Business Council. Chairman of the Hong Kong Trade Development Council (1991–2000). Hong Kong representative on the APEC Business Advisory Council (1996–2003). Chairman of the Hong Kong Airport Authority (1999–2008). Chairman of The Council of The University of Hong Kong (2001–2009). Chairman of the International Chamber of Commerce (2008–2010).

Spencer Theodore Fung

Mr. Spencer Theodore Fung is Chief Executive Officer, Executive Director of Li & Fung Limited. Previously Group Chief Operating Officer (2012–July 2014), in charge of the global infrastructure of the Company. Before this, President of LF Europe, managing the Group’s European distribution business. Joined the Group in 2001. An independent non-executive director of Swire Properties Limited. A director of Young Presidents’ Organization – Hong Kong Chapter, Limited. A member of the General Committee of The Hong Kong Exporters’ Association and the Board of Trustees at Northeastern University. Holds a Bachelor of Arts degree from Harvard College and Master of Science in Accounting and Master in Business Administration degrees from Northeastern University. A US Certified Public Accountant.

Sung Lai Lam

Mr. Lam Sung Lai is a Chief Financial Officer of Li & Fung Ltd. since 2012, overseeing the Group’s global finance functions, including corporate finance, treasury, investor relations, financial planning and analysis, risk management and financial reporting. Over 20 years of experience in banking, finance and accounting. Prior to joining Li & Fung, held various senior corporate and investment banking positions at Citi and Morgan Stanley, and practiced public accounting at Coopers & Lybrand. Holds an MBA degree from The University of Chicago, high honors, and a Bachelor of Business Administration degree from The University of Texas at Austin, highest honors. A US Certified Public Accountant, and a member of Takeovers and Mergers Panel of Securities and Futures Commission of Hong Kong. .

Marc Compagnon

Mr. Marc Robert Compagnon is President of LF Sourcing, Executive Director of Li & Fung Limited. Being President of LF Sourcing he oversees the Group’s global agency business for apparel and hardgoods. Joined the Group in 2000 at the time of the acquisition of Colby International Limited where he was Chief Merchandising Officer for 17 years and was responsible for establishing Colby’s global sourcing network and sales and marketing strategies. Holds a Bachelor of Arts degree from the University of Vermont. Member of the Board of Advisors of the School of Business Administration at The University of Vermont and a founding member of Cotton’s Revolutions. Non-executive chairman of TheAbacaGroup, Inc. (Cebu), a hotel and restaurant management group.

Henry Chan

Mr. Henry Chan is President of LF Products of Li & Fung Ltd. An Executive Director of the Company from 1992 to May 2009. Graduated from The University of Hong Kong with a Bachelor of Social Science degree. Holds an MBA degree from The Chinese University of Hong Kong. A member of The Hong Kong Institute of Directors and also a member of the advisory Board of the MBA Programmes of the Faculty of Business Administration, The Chinese University of Hong Kong.

Phi Chua

Mr. Chua Phi is President of LF Logistics, a subsidiary of Li & Fung Limited, managing the Group’s logistics, freight services, and supply chain management. An Executive Director of Integrated Distribution Services Group Limited from 2004 to April 2011. Joined the Group in 1999. Graduated magna cum laude from the University of The Philippines (UP) with a Bachelor of Science degree in Industrial Engineering and attained an MBA degree with top honors from the same university. Member of Phi Kappa Phi and Pi Gamma Mu international honor societies. 2011 recipient of UP College of Business Administration Distinguished Alumnus Award. 2013 recipient of UP Industrial Engineering Alumni Award and UP Alumni Engineers Global Achievement Award for Logistics. Co-convener of the Li & Fung China Advisory Council. Chairman of GS1 Hong Kong. Director of GS1 Management Board. Member of the Advisory Committee, Centre for Marketing and Supply Chain Management at Hong Kong University of Science and Technology (HKUST). Adjunct Professor of Information Systems, Business Statistics and Operations Management at HKUST. Member of Supply Chain 50, an association of the top supply chain professionals in the world

Wai Ping Leung

Ms. Leung Wai Ping is President of LF Fashion, a subsidiary of Li & Fung Limited, managing the Group’s apparel and fashion accessories principal business globally. Formerly, the Regional Director of North Asia Apparel for Inchcape, a global sourcing network acquired by the Company in 1995. An Executive Director of the Company from 2000 to May 2010. Holds a Master of Science degree in Biology from Northeastern University. Chairman of the Vetting Committee for the Professional Services Development Assistance Scheme of Commerce and Economic Development Bureau and a member of the Personalized Vehicle Registration Marks Vetting Committee. Formerly served on various advisory boards for the Hong Kong Exporters’ Association, Hong Kong Trade Development Council, Clothing Industry Training Authority and Hong Kong Export Credit Insurance Corporation.

Robert Lister

Mr. Robert Stephen Lister is a President of LF Europe in 2013. Before that, Group Chief Operating Officer of LF Europe since 2009 and became President in 2013. Before that, Group Chief Executive of Peter Black Holdings plc, a public company listed on the London Stock Exchange which was privatized in 2000 and part of its business was acquired by the Company in 2007. A Fellow of The Institute of Chartered Accountants in England & Wales.

Gerard Raymond

Mr. Gerard Jan Raymond is President of LF Asia – Food, Health, Beauty & Cosmetics, a subsidiary of Li & Fung Limited. Also, President of LF Beauty overseeing the Asiabased operations of the Group’s beauty and cosmetic business. Previously, an Executive Vice President, Distribution and Regional Managing Director of Integrated Distribution Services Group Limited. Joined the Group in 2003. Educated in Australia with a Bachelor’s degree in Business. A Fellow of the Australian Marketing Institute.

Manuel Fernandez

Mr. Manuel Carlos Fernandez is Chief Technology Officer of Li & Fung Ltd. He is responsible for strategic technology direction and leadership to all IT heads within the Fung Group including Convenience Retail Asia Limited, Trinity Limited, Global Brands Group Holding Limited and the Company. Assumed additional role of Head of Global Transactional Services of the Company in 2014. Joined the Group in 1999 as Regional IT Manager – Strategic Applications of Li & Fung Distribution Group. Chief Information Officer of Integrated Distribution Services Group between 2001 to 2006. Holds a Bachelor of Science in Computing for Real Time Systems (Honours) degree from University of the West of England Bristol. Awarded CIO of the year (Hong Kong region) in Hitachi Data Systems IT Inspiration Awards 2009.

Mok Oi Wai Mak

Ms. Mak Mok Oi Wai is Chief Administrative Officer of Li & Fung Limited, She is responsible for global hub operations, human resources, corporate services and various strategic projects of the Group. Joined the Group in 2000 with the acquisition of Colby International Limited where Emily was the Chief Operating Officer and directly responsible for the operational and merchandising matters for Colby’s apparel business worldwide. After that, managing the Group’s department store, mass market, supermarket and specialty store apparel business in the Americas, Southern Hemisphere and Japan. Prior to her current role, President of LF USA Sourcing, managing all Asia operations of LF USA. Graduated from The University of Hong Kong with a Bachelor of Social Sciences degree.

Srinivasan Parthasarathy

Mr. Srinivasan Parthasarathy is Group Chief Compliance Officer of Li & Fung Limited since 1 October 2011. Also, the Group Chief Compliance Officer of Fung Holdings (1937) Limited, a substantial shareholder of the Company and of the Fung Group of companies including Convenience Retail Asia Limited, Trinity Limited and Global Brands Group Holding Limited of which he is also their respective Group Chief Compliance Officer. With over 30 years of experience and held various financial and commercial positions within the Fung Group since 1999, and the Inchcape Group before that, in Hong Kong, Singapore, the UK and the Middle East. A Commerce Graduate of Bombay University and qualified as a Chartered Accountant in India, securing fourth position in the All India Merit Rankings. A Fellow Member of the Chartered Institute of Management Accountants, UK

Richard Darling

Mr. Richard Nixon Darling is Head - Government and Public Affairs of Li & Fung Ltd., overseeing the Group’s government relations, public affairs and supply chain sustainability on global industry and multi-stakeholder initiatives. Assumed additional role to oversee the Group’s Vendor Compliance & Sustainability in 2015. Prior to his current role, President of DSG overseeing the Group’s dedicated sourcing group servicing Wal-Mart globally. The founder of The Millwork Trading Co., Ltd, a joint venture with Li & Fung that became a wholly-owned subsidiary in 1999. Board member of the American Apparel and Footwear Association, K.I.D.S./Fashion Delivers (formerly known as “Fashion Delivers”) and the University of Arkansas and a member of the Board of Governors of Parsons The New School for Design (formerly known as “Parsons School of Design”). Representative of the Group on the Board of Advisors of the Alliance for Bangladesh Worker Safety and The Accord on Fire and Building Safety in Bangladesh.

Lale Kesebi

Ms. Lale Kesebi is Chief Communications Officer & Head - Strategic Engagement of Li & Fung Limited, She is responsible for global corporate communications with all internal and external stakeholders of the Company and leading the development of strategy on key initiatives aligning the organization to the Company’s goals. Joined the Group in 2003. Holds a Bachelor of Science (Honours) degree and a Bachelor of Law degree from Dalhousie University. Past member of The Law Society of British Columbia (Canada). Currently, Co-chair of the Alumni Network Steering Committee of the Mentoring Programme for Women Leaders of The Women’s Foundation in Hong Kong. Chair of the Corporate Sustainability Committee of the Company. Formerly, Chair of the Canadian Chamber’s Business Policy & Government Relations committee and the Debenture and Scholarship committee of the Canadian International School in Hong Kong.

Mei Chow Wan

Ms. Wan Mei Chow is Company Secretary of Li & Fung Ltd. She is responsible for the company secretarial services of the Group. Graduated from the Hong Kong Polytechnic (now known as The Hong Kong Polytechnic University) and started her career as company secretary at Ernst & Young in 1985. A fellow member of both The Institute of Chartered Secretaries and Administrators in England and The Hong Kong Institute of Chartered Secretaries (HKICS). A member of the Company Secretaries Panel and Membership Committee of HKICS since 2013. Recipient of the 1st Asian Company Secretary Recognition Award by Corporate Governance Asia in 2013.

May Yee Leung Ko

Mrs. Leung Ko May Yee is Non-Executive Independent Director of Li & Fung Limited. Since 1 April 2013. Former vice-chairman and chief executive of Hang Seng Bank Limited, chairman of Hang Seng Bank (China) Limited, a director of various subsidiaries of Hang Seng Bank Limited, a director of The Hongkong and Shanghai Banking Corporation Limited and the Group General Manager of HSBC Holdings plc prior to her retirement from the HSBC group in June 2012. Deputy chairman, managing director and an executive director of Chong Hing Bank Limited since 14 February 2014. An independent non-executive director of First Pacific Company Limited, Sun Hung Kai Properties Limited and Hong Kong Exchanges and Clearing Limited. An independent non-executive director of QBE Insurance Group Limited since 21 August 2013 and China Construction Bank Corporation since 12 December 2013. Formerly, an independent non-executive director of Swire Pacific Limited (2008–2012) and Hutchison Whampoa Limited (2009–2012). Holds a Bachelor’s Degree in Economics, Accounting and Business Administration from The University of Hong Kong.

Paul Selway-Swift

Mr. Paul Edward Selway-Swift is Non-Executive Independent Director of Li & Fung Limited. He is Chairman of Pure Circle Ltd, a producer of natural food ingredients, which is quoted on the London Stock Exchange. An independent non-executive director of Global Brands Group Holding Limited whose shares are listed on The Stock Exchange of Hong Kong Limited. Formerly, Deputy Chairman of HSBC Investment Bank PLC (1996–1998), a director of The Hongkong and Shanghai Banking Corporation Limited in Hong Kong (1992–1998) and Temenos Group AG (2001–2012), and Chairman of Atlantis Investment Management (Ireland) Ltd. (2007–April 2014).

Yue Nien Tang

Mr. Tang Yue Nien is Non-Executive Independent Director of Li & Fung Limited. He is former Chairman, Asia of Spencer Stuart & Associates, a global executive search consulting firm. An independent non-executive director of the publicly-listed CEI Contract Manufacturing Limited and China NT Pharma Group Company Limited. Vice Chairman of the Council of The Hong Kong University of Science and Technology. Holds a Bachelor of Science degree in Electrical Engineering from Cornell University and Master of Science in Management from the Massachusetts Institute of Technology.

Chi-Yun Wong

Dr. Wong Chi Yun, is Non-Executive Independent Director of Li & Fung Limited since 1999. He is Chairman and Group Chief Executive Officer of VTech Holdings Limited. Co-founded VTech Group in 1976. Holds a Bachelor of Science degree in Electrical Engineering from The University of Hong Kong, a Master of Science degree in Electrical and Computer Engineering from the University of Wisconsin and an Honorary Doctorate of Technology from the Hong Kong Polytechnic University. Deputy Chairman and independent non-executive director of The Bank of East Asia, Limited. An independent non-executive director of China-Hongkong Photo Products Holdings Limited. Awarded the Silver Bauhinia Star and the Gold Bauhinia Star in 2003 and 2008 respectively. .