Esprit Holdings Limited announced that Thomas Tang Wing Yung
will be appointed as Executive Director of the Company and take over as Group Chief Financial Officer (CFO)with effect from 2 May 2012. Tang will lead and oversee the finance and accounting functions, as well as other corporate functions including Legal & Compliance, Company Secretary, Tax, Investor Relations, IT, Treasury and Internal Audit.
“We are delighted to welcome Tang, who has extensive experience in finance and management of operations, as Group CFO and member of the Board of Management,” says Ronald van der Vis, Group CEO of Esprit. “Tang will spend at least half of his time in Europe and work together with me and the rest of the Board of Management to ensure timely and smooth execution of the Transformation Plan.”
Tang has over thirty years of experience in accounting and finance. Prior to joining the Company, he was executive director and CFO of Sino Land Company Limited and Sino Hotels (Holdings) Limited and CFO of Tsim Sha Tsui Properties Limited, which are all listed on the main board of The Stock Exchange of Hong Kong Limited.
Esprit Holdings Limited is a constituent stock of the Hang Seng Index, MSCI Hong Kong Small Cap Index and FTSE All-World Index for Hong Kong. Its subsidiaries are engaged in the retail and wholesale distribution of quality lifestyle products designed under its globally recognized Esprit and Edc brands. The Group operates around 1,100 directly managed retail stores worldwide and distribute through more than 11,000 controlled space wholesale point of sales internationally, occupying total selling space of over 1,000,000 m2.