SCMP names new chairman and chief executive
SCMP Group, publisher of the South China Morning Post, yesterday announced the appointment of David Pang as non-executive chairman and Kuok Hui Kwong as managing director and chief executive of the company, effective from January 1.
The company also announced that executive chairman Kuok Khoon Ean would step down from the post and become a non-executive director, also on January 1.
Mr Pang was appointed a non-executive director of the company in December last year. He is a director of Kerry Holdings, which controls the company.
Mr Pang also serves on the board of New York-listed Visa.
He previously held senior global business management positions with multinational corporations and taught at universities in North America and Asia.
He also served as the chief executive of Airport Authority Hong Kong from January 2001 to February last year.
Ms Kuok, who was an executive director before the appointment and remains so, is responsible for co-ordinating the group's operations and business units and participates in strategic planning.
Before joining the company in October 2003, Ms Kuok worked in investment banking. She is the sister of Mr Kuok.
Mr Kuok joined the board in October 1993 and was appointed chairman in January 1998. He became an executive director in January 2000 and assumed the role of executive chairman in August 2000.
The board yesterday expressed its thanks and appreciation to Mr Kuok for his effort and contributions during his tenure as chairman.
Shares in SCMP have been suspended from trading since February 27, pending the announcement of a resumption of the required public float of 25 per cent.