Chow Tai Fook Enterprises Appoints Three Co-CEOs to Drive Expansion

New Leadership Structure at Chow Tai Fook Enterprises

Chow Tai Fook Enterprises (CTFE), the investment holding company of the Cheng family, confirmed on Friday the formation of a CEO's office to be led by Christopher Cheng Chi-leong, Patrick Tsang On-yip, and Ho Gilbert Chi Hang. This newly established executive team aims to strengthen operations across various sectors.

Background of the New Co-CEOs

• Christopher Cheng Chi-leong is the youngest son of billionaire Henry Cheng Kar-shun, also the brother of Adrian Cheng Chi-kong.
• Patrick Tsang On-yip will oversee operations in the Americas, Australia, and Europe.
• Ho Gilbert Chi Hang will manage corporate functions and operations.

The trio's appointment reflects CTFE’s strategy to accelerate growth and enhance operational capabilities, leveraging their diverse backgrounds for the next phase of the company's evolution.

Chow Tai Fook Enterprises' Impact on Various Industries

Since its establishment in 1929, CTFE has expanded its portfolio to include sectors like real estate, hospitality, jewelry, infrastructure, and healthcare. The company is also recognized as the largest shareholder of New World Development and NWS Holdings, which operate in numerous industries.

Despite speculation about succession challenges following remarks by Henry Cheng, family members, including Adrian and Sonia Cheng Chi-man, remain integral to CTFE's leadership structure.

Henry Cheng noted, "I am excited to continue to grow the office with the appointment of the three leaders whom I have worked closely with... Our investment philosophy focuses on creating a lasting legacy and transformative results across our operations."