Chinese fashion label Cosmo Lady’s CEO Zheng Yaonan has resigned. The resignation took effect as of yesterday, with Zheng remaining as the chairman of the board and an executive director of the company. He is replaced by new CEO Siu Ka Lok, who has been appointed to the position with immediate effect.
Zheng was chairman, CEO and an executive director of the company since its Hong Long Stock Exchange listing in June 2014. He voluntarily resigned his post as CEO for the purposes of improving the firm’s operating results and enhancing the corporate governance of the group, splitting the roles of chairman and CEO, according to a company stock-exchange filing.
As CEO, Siu’s major duty will be to manage the intimate wear business of the group, responsible for planning the group’s strategic development, implementing the resultant strategies, policies and regulations, and supervising the daily work of core senior officers.
Siu was formerly the senior VP of Adidas Greater China.
