People: New World Development Co Ltd (0017.HK)
Dr. Chi-Kong Cheng has been appointed as Chief Executive Officer, Executive Vice Chairman of the Board of the Company effective 5/1/2020. Dr. Cheng is an executive director of New World Department Store China Limited and Chow Tai Fook Jewellery Group Limited, and a non-executive director of Giordano International Limited and New Century Healthcare Holding Co. Limited, all being listed public companies in Hong Kong. He was an executive director of International Entertainment Corporation, a nonexecutive vice chairman of Modern Media Holdings Limited and a non-executive director of i-CABLE Communications Limited, all being listed public companies in Hong Kong, up to his resignation on 10 June 2017, 26 August 2017 and 2 July 2019 respectively. He is a director of Chow Tai Fook (Holding) Limited and Chow Tai Fook Enterprises Limited, both are substantial shareholders of the Company. Dr. Cheng is also the chairman of New World Group Charity Foundation Limited, an executive director of New World China Land Limited and a director of certain subsidiaries of the Group. Dr. Cheng oversees the strategic direction for the Company’s property development and investment activities. He has launched New World’s The Artisanal Movement since January 2015, and is currently overseeing the Company’s large-scale developments including Victoria Dockside and Skycity. In 2008, Dr. Cheng launched the K11 brand, a museum-retail complex that is at the nexus of art and commerce and has since extended K11’s reach across retail, hospitality, offices and non-profit art education through K11 Art Foundation. He also directs early-stage funding to start-ups and technology-driven platforms.
|Total Annual Compensation, HKD||600,000|
|Restricted Stock Award, HKD||--|
|Long-Term Incentive Plans, HKD||--|
|All Other, HKD||43,600,000|
|Fiscal Year Total, HKD||44,200,000|