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AMTD Group Inc. Announces the Adoption of a Completely Independent and Non-Executive Board Structure and an Innovative CEO Rotation System Across the Group
AMTD Group Inc. announced the adoption of a rotating CEO system for its operating companies and subsidiaries, including AMTD IDEA and AMTD Digital. This innovative approach aims to promote shared leadership, diversity, and continuous leadership development within the organization. The program will rotate CEOs every six months, fostering collective wisdom and ensuring the long-term interests of AMTD. The independent chairman of AMTD IDEA, Dr. Feridun Hamdullahpur, expressed confidence in the program's ability to drive sustainability and growth for the group.
AMTD Group Inc. ha annunciato l'adozione di un sistema di CEO rotativo per le sue società operative e filiali, inclusi AMTD IDEA e AMTD Digital. Questo approccio innovativo mira a promuovere una leadership condivisa, la diversità e lo sviluppo continuo della leadership all'interno dell'organizzazione. Il programma prevede una rotazione dei CEO ogni sei mesi, promuovendo la saggezza collettiva e garantendo gli interessi a lungo termine di AMTD. Il presidente indipendente di AMTD IDEA, il dottor Feridun Hamdullahpur, ha espresso fiducia nella capacità del programma di favorire la sostenibilità e la crescita del gruppo.
AMTD Group Inc. anunció la adopción de un sistema de CEO rotativo para sus empresas operativas y filiales, incluyendo AMTD IDEA y AMTD Digital. Este enfoque innovador busca promover un liderazgo compartido, la diversidad y el desarrollo continuo del liderazgo dentro de la organización. El programa rotará los CEO cada seis meses, fomentando la sabiduría colectiva y asegurando los intereses a largo plazo de AMTD. El presidente independiente de AMTD IDEA, el Dr. Feridun Hamdullahpur, mostró confianza en la capacidad del programa para impulsar la sostenibilidad y el crecimiento del grupo.
AMTD 그룹 인크는 그 운영 회사 및 자회사, AMTD IDEA와 AMTD Digital을 포함하여 회전 CEO 시스템을 채택했다고 발표했습니다. 이 혁신적인 접근 방식은 조직 내에서 공유 리더십, 다양성 및 지속적인 리더십 개발을 촉진하려고 합니다. 프로그램은 CEO를 매 6개월마다 로테이션하여 집단적 지혜를 증진시키고 AMTD의 장기적 이익을 보장할 것입니다. AMTD IDEA의 독립적인 의장인 페리던 함둘라푸르 박사는 프로그램이 그룹의 지속 가능성과 성장을 촉진할 수 있는 능력에 대해 자신감을 표명했습니다.
AMTD Group Inc. a annoncé l'adoption d'un système de CEO rotatif pour ses sociétés opérationnelles et ses filiales, y compris AMTD IDEA et AMTD Digital. Cette approche innovante vise à promouvoir un leadership partagé, la diversité et le développement continu du leadership au sein de l'organisation. Le programme prévoit de faire tourner les CEO tous les six mois, favorisant ainsi la sagesse collective et assurant les intérêts à long terme de AMTD. Le président indépendant de AMTD IDEA, le Dr. Feridun Hamdullahpur, s’est exprimé en confiance quant à la capacité du programme à stimuler la durabilité et la croissance du groupe.
Die AMTD Group Inc. gab die Einführung eines rotierenden CEO-Systems für ihre Betriebsgesellschaften und Tochtergesellschaften, einschließlich AMTD IDEA und AMTD Digital, bekannt. Dieser innovative Ansatz zielt darauf ab, gemeinsame Führung, Vielfalt und kontinuierliche Führungsentwicklung innerhalb der Organisation zu fördern. Das Programm wird die CEOs alle sechs Monate rotieren lassen, um kollektive Weisheit zu fördern und die langfristigen Interessen von AMTD zu sichern. Der unabhängige Vorsitzende von AMTD IDEA, Dr. Feridun Hamdullahpur, äußerte sich zuversichtlich über die Fähigkeit des Programms, Nachhaltigkeit und Wachstum für die Gruppe voranzutreiben.
Positive
Introduction of a rotating CEO system to promote shared leadership and collective wisdom within the organization.
Diversity in leadership styles and perspectives due to the rotation of CEOs every six months.
Fostering continuous leadership development and grooming of next-level leaders to ensure the long-term interests of AMTD.
The independent chairman of AMTD IDEA, Dr. Feridun Hamdullahpur, expressed confidence in the program's ability to drive sustainability and growth for the group.
Negative
None.
PARIS & NEW YORK & SINGAPORE--(BUSINESS WIRE)--
AMTD Group Inc. (“AMTD Group”), the controlling shareholder of AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA”) and AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital”) today announced the introduction and adoption of an innovative system through which the CEOs of all of its operating companies and key subsidiaries, including AMTD IDEA and AMTD Digital, will be appointed by the Executive Management Committee (“EMC”) of the applicable entities on a rotational basis. This philosophy of shared leadership is reflected in the new feature which forms the core foundation of the rotating CEO mechanism. Under the new rotation program, no single individual would be appointed as the sole leader of an entity for an extended period, and a campaign of “everyone can be a hero” will be rolled out across the group to encourage and promote the next leaders of the companies. Through this rotation program, AMTD Group will maximize the values from the collective wisdom and stepped-up efforts to groom and nurture the next-level leaders.
By rotating the CEOs every six months, the group will be led by different personalities, which will create a much more diverse workplace where different common principles and perspectives will be consistently communicated and implemented. Due to the shared decision-making process and the grooming process to cultivate the next-level leadership, the long-term and sustainable interest of AMTD will be best served. Shared Values as the core mission of AMTD and key shareholders’ beliefs and practices will be implemented through the new structure and organization leadership.
Dr. Feridun Hamdullahpur, the independent chairman of AMTD IDEA commented, “The entire AMTD organization is built upon innovative thinking. We don’t just talk about it; we practise it all the time. We have evolved and matured by understanding the changing world a bit better and defying the status quo. The rotating CEO program is born out of such thinking, and I believe will bring renewed energy and inspiration for the long-term sustainability and growth of the group. We would not be where we are without their great work, dedication, and commitment. We will continue counting on the new leadership program to move us steadily forward and grow our impact gradually and concretely over time.”
About AMTD Group
AMTD Group is a conglomerate with core business portfolio to span across financial services, digital solutions, media and entertainment, education and training, and premium assets.
About AMTD IDEA Group
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles as well as hospitality and VIP services. Through our unique eco-system – the "AMTD SpiderNet" - AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates four main business lines including digital solutions services, digital media, content and marketing services, digital investments as well as hospitality and VIP services. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and AMTD Digital Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group and AMTD Digital Inc. do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
