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Hang Lung Group, Hang Lung Properties name new CEO

Philip Chen Nan Lok will retire as CEO of Hang Lung Group Ltd. and Hang Lung Properties Ltd. on July 16 and will hand over to Weber Lo Wai Pak, who has been appointed CEO-designate of both companies, effective May 16.

On July 16, Lo will assume the role of CEO of the companies, while Chen will be appointed adviser to the chairman and redesignated as a nonexecutive director of Hang Lung Properties.

Lo currently serves as country officer at Citi and CEO of Citi Hong Kong and Macau.