Leo Tsoi Takes Helm at Hang Lung Properties

Hang Lung Properties has announced the appointment of retail veteran Leo Tsoi as its new CEO and executive director, effective October 1.

Tsoi will join the company as CEO designate on September 7, before succeeding Weber Lo, who will remain in the role until September 30. Hang Lung's Chair Adriel Chen praised Tsoi's extensive leadership experience, saying he was the 'best candidate' to lead the company into its next phase of growth.

Tsoi brings over three decades of experience in retail and business management, having held senior positions at Toys R Us Asia, Starbucks China, PepsiCo, and Procter & Gamble China. He is currently CEO of Toys R Us Asia, where he led the retailer's expansion into the 'kidult' segment.

Commenting on his appointment, Tsoi expressed enthusiasm for working with Hang Lung's employees, stakeholders, tenants, and customers, saying: 'I am excited to join Hang Lung, a company whose expanding presence and commitment to 'We Do It Well' have made a meaningful impact across the communities it serves.'