Hang Lung Names Toys 'R' Us Asia CEO as New Chief Executive
HK01 · 3 SOURCESabout 6 hours ago2 MIN
Summary
Hang Lung Group and Hang Lung Properties announced on Friday that Simon Choi Tak-lun will become chief executive officer and executive director starting October 1, 2025. Choi, currently CEO of Toys 'R' Us Asia, brings over 30 years of retail and commercial management experience across Asia to the role . Outgoing CEO Weber Lo will step down on September 30 after eight years of service and become chairman's consultant for a one-year term .
Key Points
- Choi will join Hang Lung on September 7 as CEO-designate and executive director before formally assuming the top role on October 1 .
- The 56-year-old executive currently leads Toys 'R' Us Asia, where he drove transformation through asset-light models and expanded the brand's kidult market appeal .
- He previously served as president of Starbucks China for over ten years, overseeing rapid expansion and innovation initiatives .
- Early career experience includes senior leadership roles at PepsiCo and Procter & Gamble Greater China, building strategic foundations .
- Outgoing CEO Weber Lo will continue as CEO and executive director through September, then serve as chairman's consultant for 12 months .
Why It Matters
Chairman Adriel Chan highlighted Choi's proven track record in driving business growth and transformation as ideal qualifications for leading Hang Lung into its next chapter . The appointment signals Hang Lung's strategic focus on retail innovation and commercial expansion amid evolving consumer markets across Greater China and Southeast Asia.
Chairman Adriel Chan highlighted Choi's proven track record in driving business growth and transformation as ideal qualifications for leading Hang Lung into its next chapter . The appointment signals Hang Lung's strategic focus on retail innovation and commercial expansion amid evolving consumer markets across Greater China and Southeast Asia.