Chow Tai Fook Jewellery Group Announces Strategic Appointment in its Financial Leadership Bench Strength
Chow Tai Fook Jewellery Group (SEHK: 1929) has announced key changes in its financial leadership effective April 1, 2025. Mr. Hamilton Cheng, Executive Director, will transition to focus on strategic capital management, investor relations, and company secretaries duties, while Ms. Karen Yih will assume the role of Chief Financial Officer.
Ms. Yih brings extensive experience from her previous role as CFO of Starbucks China and senior positions at PepsiCo APAC and Starbucks APAC. She will oversee financial management, planning, reporting, operations, risk management, and legal affairs to support the Group's transformation strategy.
This strategic appointment aligns with the company's five strategic priorities for quality expansion and aims to strengthen its position in the evolving global business environment. Founded in 1929, Chow Tai Fook operates an extensive retail network across China and globally, implementing online-to-offline strategies to enhance its omni-channel presence.
Chow Tai Fook Jewellery Group (SEHK: 1929) ha annunciato importanti cambiamenti nella sua leadership finanziaria, che entreranno in vigore il 1 aprile 2025. Il Sig. Hamilton Cheng, Direttore Esecutivo, si concentrerà sulla gestione strategica del capitale, sulle relazioni con gli investitori e sui compiti di segreteria aziendale, mentre La Sig.ra Karen Yih assumerà il ruolo di Chief Financial Officer.
La Sig.ra Yih porta con sé una vasta esperienza dal suo precedente ruolo di CFO di Starbucks Cina e da posizioni di alto livello presso PepsiCo APAC e Starbucks APAC. Si occuperà della gestione finanziaria, della pianificazione, della reportistica, delle operazioni, della gestione del rischio e delle questioni legali per supportare la strategia di trasformazione del Gruppo.
Questa nomina strategica è in linea con le cinque priorità strategiche dell'azienda per un'espansione di qualità e mira a rafforzare la sua posizione nell'evolvente ambiente commerciale globale. Fondata nel 1929, Chow Tai Fook gestisce una vasta rete di vendita al dettaglio in Cina e a livello globale, implementando strategie online-to-offline per migliorare la sua presenza omnicanale.
Chow Tai Fook Jewellery Group (SEHK: 1929) ha anunciado cambios clave en su liderazgo financiero que entrarán en vigencia el 1 de abril de 2025. El Sr. Hamilton Cheng, Director Ejecutivo, se enfocará en la gestión estratégica de capital, relaciones con inversionistas y deberes de secretaría de la empresa, mientras que La Sra. Karen Yih asumirá el cargo de Directora Financiera.
La Sra. Yih aporta una amplia experiencia de su papel anterior como CFO de Starbucks China y de posiciones senior en PepsiCo APAC y Starbucks APAC. Supervisará la gestión financiera, la planificación, la elaboración de informes, las operaciones, la gestión de riesgos y los asuntos legales para apoyar la estrategia de transformación del Grupo.
Este nombramiento estratégico se alinea con las cinco prioridades estratégicas de la empresa para una expansión de calidad y tiene como objetivo fortalecer su posición en el entorno empresarial global en evolución. Fundada en 1929, Chow Tai Fook opera una extensa red de venta al por menor en China y a nivel global, implementando estrategias de online a offline para mejorar su presencia omnicanal.
차오타이푹 보석 그룹 (SEHK: 1929)은 2025년 4월 1일부터 시행되는 재무 리더십의 주요 변경 사항을 발표했습니다. 해밀턴 청 전무 이사는 전략적 자본 관리, 투자자 관계 및 회사 비서 업무에 집중할 예정이며, 카렌 이가 최고 재무 책임자 역할을 맡게 됩니다.
이 씨는 스타벅스 중국의 CFO와 펩시코 APAC 및 스타벅스 APAC의 고위직에서의 경험을 바탕으로 폭넓은 경험을 갖추고 있습니다. 그녀는 그룹의 변혁 전략을 지원하기 위해 재무 관리, 계획, 보고, 운영, 위험 관리 및 법적 문제를 감독하게 됩니다.
이 전략적 임명은 회사의 품질 확장을 위한 다섯 가지 전략적 우선 사항과 일치하며, 변화하는 글로벌 비즈니스 환경에서의 입지를 강화하는 것을 목표로 합니다. 1929년에 설립된 차오타이푹은 중국 및 전 세계에 걸쳐 광범위한 소매 네트워크를 운영하며, 옴니채널 존재감을 강화하기 위해 온라인에서 오프라인으로의 전략을 구현하고 있습니다.
Chow Tai Fook Jewellery Group (SEHK: 1929) a annoncé des changements clés dans sa direction financière, qui entreront en vigueur le 1er avril 2025. M. Hamilton Cheng, directeur exécutif, se concentrera sur la gestion stratégique du capital, les relations avec les investisseurs et les tâches de secrétariat de l'entreprise, tandis que Mme Karen Yih assumera le rôle de directrice financière.
Mme Yih apporte une vaste expérience de son précédent poste de CFO de Starbucks Chine et de postes de direction chez PepsiCo APAC et Starbucks APAC. Elle supervisera la gestion financière, la planification, le reporting, les opérations, la gestion des risques et les affaires juridiques pour soutenir la stratégie de transformation du Groupe.
Cette nomination stratégique s'inscrit dans les cinq priorités stratégiques de l'entreprise pour une expansion de qualité et vise à renforcer sa position dans un environnement commercial mondial en évolution. Fondée en 1929, Chow Tai Fook exploite un vaste réseau de vente au détail en Chine et à l'échelle mondiale, mettant en œuvre des stratégies en ligne vers hors ligne pour améliorer sa présence omnicanale.
Chow Tai Fook Jewellery Group (SEHK: 1929) hat wesentliche Änderungen in seiner finanziellen Führung angekündigt, die am 1. April 2025 in Kraft treten. Herr Hamilton Cheng, Geschäftsführer, wird sich auf strategisches Kapitalmanagement, Investor Relations und die Aufgaben der Unternehmenssekretärin konzentrieren, während Frau Karen Yih die Rolle der Finanzvorstand übernehmen wird.
Frau Yih bringt umfangreiche Erfahrung aus ihrer vorherigen Position als CFO von Starbucks China sowie aus leitenden Positionen bei PepsiCo APAC und Starbucks APAC mit. Sie wird das Finanzmanagement, die Planung, das Reporting, die Betriebsabläufe, das Risikomanagement und die rechtlichen Angelegenheiten überwachen, um die Transformationsstrategie der Gruppe zu unterstützen.
Diese strategische Ernennung steht im Einklang mit den fünf strategischen Prioritäten des Unternehmens für eine qualitativ hochwertige Expansion und zielt darauf ab, die Position im sich wandelnden globalen Geschäftsumfeld zu stärken. Gegründet im Jahr 1929, betreibt Chow Tai Fook ein umfangreiches Einzelhandelsnetz in China und weltweit und implementiert Online-to-Offline-Strategien zur Verbesserung seiner Omnichannel-Präsenz.
- Strategic strengthening of financial leadership team with experienced CFO appointment
- New CFO brings valuable international market expertise from major retail and FMCG companies
- Clear division of financial leadership responsibilities for better operational efficiency
- None.
HONG KONG, CHINA / ACCESS Newswire / March 13, 2025 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group", or the "Company"; SEHK stock code: 1929), a Hong Kong Main Board listed company, today announces a new strategic appointment to strengthen its financial leadership bench.
To support the business transformation and sustainable growth of the Group, with effect from 1st April 2025, Mr. Hamilton Cheng, an Executive Director of the Board of Directors, will focus on providing strategic oversight on capital management, investor relations and company secretaries responsibilities while Ms. Karen Yih will succeed Mr. Cheng as the Chief Financial Officer ("CFO") of the Group. Ms. Yih will target in advancing the Group's financial management, long-term growth and transformation strategy which includes financial planning and analysis, financial reporting, financial operations management, risk management, and legal affairs.
In line with the Group's commitment to executing its five strategic priorities for quality expansion, it is investing thoughtfully across the organisation to stay ahead of the industry amidst the rapidly evolving global business environment. The new appointment with clearly defined roles and accountabilities is part of the Group's ongoing proactive approach to ensure it is well-positioned to address future challenges, seize emerging opportunities, and bolster its transformation initiatives.
Ms. Yih has extensive experience in finance leadership, digital transformation, corporate developments, and international expansion across diverse industries, including retail, fast-moving consumer goods ("FMCG") and manufacturing. Prior to joining the Group, she served as the CFO of Starbucks China, where she spearheaded the finance team to support sustainable business growth, enhance capital returns while ensuring financial discipline. Her earlier career included senior leadership roles at PepsiCo APAC and Starbucks APAC, where she also led new market entry and international expansion across multiple markets.
Dr. Henry Cheng, Chow Tai Fook Jewellery Group Chairman, said, "The Board continues to prioritise strong agility and financial stewardship to effectively navigate and succeed in today's dynamic business landscape and rapidly evolving global environment. By seamlessly combining Hamilton's invaluable industry insights with Karen's extensive experience in China and international markets, we are confident that the strengthened financial leadership will continue to improve operational efficiencies across the Group as we execute on our commitment to deliver sustainable value creation for our stakeholders."
Chow Tai Fook Jewellery Group Limited
Chow Tai Fook Jewellery Group Limited (the "Group"; SEHK stock code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group firmly upholds the vision: "To be the leading global jewellery brand that is a trusted lifetime partner for every generation", drawing on nearly a century of legacy and success.
Founded in 1929, the Group's iconic brand "CHOW TAI FOOK" has become an emblem of tradition, celebrated for its bold designs and an unwavering attention to detail. Building upon a rich heritage and a foundation of trust, the Group is not only widely recognised for honouring traditions but also for fostering deep, meaningful connections with a diverse customer base through its exquisite jewellery. The Group's long-standing commitment to innovation and craftsmanship has been integral to its success over time and has become synonymous with excellence, value and authenticity.
As a leading Chinese jeweller, the Group believes in blending contemporary cutting-edge designs with traditional techniques to create jewellery that can be passed down from generation to generation. Every collection is thoughtfully conceived and crafted to reflect the stories of our customers, celebrating the special moments in their lives. Committed to growing alongside our customers, the Group embraces a spirit that aspires to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into the fabric of their lives.
Offering a wide variety of products, services and channels, the Group's brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO, SOINLOVE and MONOLOGUE.
The Group is committed to delivering sustainable long-term value creation for its stakeholders by enhancing the quality of earnings and driving higher value growth. With an extensive retail network across China and multiple locations globally, along with a growing e-commerce business, the Group is implementing targeted online-to-offline ("O2O") strategies to strengthen its competitiveness in today's omni-channel retail environment.
Media Enquiries:
Chow Tai Fook Jewellery Group Limited
Haide Ng
Associate Director, Investor Relations and Corporate Communications
Tel: (852) 3115 4402
Email: haideng@chowtaifook.com
Acky Chan
Senior Manager, Investor Relations and Corporate Communications
Tel: (852) 3115 4403
Email: ackychan@chowtaifook.com
13/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.
The issuer is solely responsible for the content of this announcement.
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SOURCE: Chow Tai Fook Jewellery Group Limited
View the original press release on ACCESS Newswire
FAQ
When will Karen Yih start as CFO of Chow Tai Fook (CJEWF)?
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