Li & Fung declares new management appointments

2020/10 09 14:10

Joseph Phi. Pic: Li & Fung

Li & Fung Restricted, the world’s main provide chain options accomplice for client manufacturers and retailers, has introduced new management appointments following the latest privatisation of the corporate. With instant impact, Joseph Phi, group president, is appointed group CEO of Li & Fung, and Spencer Fung succeeds William Fung as govt chairman.

 

Joseph Phi has 20 years of expertise with the Group. He joined Li & Fung in 1999 and was promoted to turn out to be group president of Li & Fung in 2019. Previously, he served as govt director of Built-in Distribution Companies Group Restricted from 2004 till its acquisition by Li & Fung in 2010. 

 

“Joseph has a robust monitor file on the firm, having organically grown its logistics enterprise efficiently over the previous decade,” stated William Fung, group chairman. “He was appointed group president, Li & Fung final yr to carry his sturdy execution focus to our Provide Chain Options enterprise and has since then expanded his obligations for our Sourcing and Manufacturing Platform throughout 50-plus economies. I very a lot admire the best way he focuses on executing our companies flawlessly by means of operational excellence.”

 

As govt chairman of Li & Fung, Spencer Fung will oversee all of Li & Fung’s companies. He’ll work carefully with the corporate’s new companions – GLP, a number one world logistics warehouse operator and investor, and JD.com, one of many world’s largest expertise pushed e-commerce corporations – to reinforce its digital options and discover new ventures.

 

Spencer Fung turned CEO in 2014 and stepped in because the fourth technology of the Fung household. He’s the architect of the imaginative and prescient to create the Provide Chain of the Future. 

 

“Spencer has a transparent view and nice ambition for the way forward for Li & Fung and what must be completed to achieve at the moment’s ever-changing surroundings,” stated William Fung.

 

William Fung, upon retirement from his position as chairman of Li & Fung, will sit on the board of its holding firm and collectively along with his brother Victor Fung, will proceed to be concerned in enterprise development and improvement of the opposite corporations throughout the Group.

 

The Hong Kong-headquartered multinational group specialises in responsibly managing provide chains of high-volume, time-sensitive items for main retailers and types worldwide, with over 230 workplaces throughout key manufacturing markets globally. Its purpose is to create the availability chain of the long run to assist its prospects navigate the digital economic system and to enhance the lives of 1 billion folks within the provide chain.

 

Fibre2Fashion Information Desk (RKS)

Li & Fung Restricted, the world’s main provide chain options accomplice for client manufacturers and retailers, has introduced new management appointments following the latest privatisation of the corporate. With instant impact, Joseph Phi, group president, is appointed group CEO of Li & Fung, and Spencer Fung succeeds William Fung as govt chairman.




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