Li & Fung announces new leadership appointments

Li & Fung Minimal, the world’s major supply chain alternatives partner for buyer brand names and merchants, has announced new management appointments subsequent the latest privatisation of the business. With rapid result, Joseph Phi, group president, is appointed group CEO of Li & Fung, and Spencer Fung succeeds William Fung as govt chairman.

Joseph Phi has twenty decades of experience 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 Providers Group Minimal from 2004 until finally its acquisition by Li & Fung in 2010. 

“Joseph has a potent monitor record at the business, having organically developed its logistics business efficiently about the previous 10 years,” explained William Fung, group chairman. “He was appointed group president, Li & Fung past year to convey his potent execution focus to our Supply Chain Alternatives business and has because then expanded his tasks for our Sourcing and Generation System throughout 50-furthermore economies. I quite a lot admire the way he focuses on executing our solutions flawlessly by means of operational excellence.”

As govt chairman of Li & Fung, Spencer Fung will oversee all of Li & Fung’s corporations. He will work carefully with the company’s new associates – GLP, a major international logistics warehouse operator and investor, and JD.com, 1 of the world’s largest technological innovation driven e-commerce providers – to greatly enhance its electronic alternatives and discover new ventures.

Spencer Fung turned CEO in 2014 and stepped in as the fourth era of the Fung loved ones. He is the architect of the vision to create the Supply Chain of the Potential. 

“Spencer has a obvious check out and terrific ambition for the long term of Li & Fung and what needs to be accomplished to realize success in today’s ever-altering environment,” explained William Fung.

William Fung, upon retirement from his position as chairman of Li & Fung, will sit on the board of its holding business and jointly with his brother Victor Fung, will continue on to be included in business advancement and enhancement of the other providers throughout the Group.

The Hong Kong-headquartered multinational group specialises in responsibly taking care of supply chains of large-volume, time-delicate merchandise for major merchants and brand names globally, with about 230 places of work throughout important production marketplaces globally. Its intention is to create the supply chain of the long term to help its consumers navigate the electronic overall economy and to enhance the life of 1 billion folks in the supply chain.

Fibre2Fashion News Desk (RKS)