Hong Kong payment card provider Octopus appoints MTR official to drive growth
- Angus Lee to replace Sunny Cheung as CEO on September 1
- Lee tasked with driving transformation in electronic payments, while breaking into emerging Greater Bay Area market
Angus Lee Chun-ming, who was in charge of the rail firm’s operations in Macau, would succeed Sunny Cheung Yiu-tong on September 1 at the city’s provider of electronic payment services, Octopus said on Monday. confirming an earlier Post report.
Cheung, 65, is expected to retire for a second time on August 31, after first standing down as CEO in 2014, only to return the following year. He has been with the company for nearly nine years.
To pave the way for his appointment, Lee, an engineer by training who has more than 22 years’ experience in railway operations and management, joined Octopus in January this year as chief growth officer.
Lee held several senior management positions at MTR Corp before rising to general manager of its operations in Macau. He has experience in the company’s operations in Hong Kong as well overseas markets such as Sweden and Japan.