×
98 916
Fashion Jobs
MACY'S
Asset Protection Detective, Bridgewater Commons - Full Time
Permanent · Bridgewater Township
MACY'S
Asset Protection Security Guard, Presidential Markets - Full Time
Permanent · Snellville
MACY'S
Asset Protection Detective, Santa Ana Mainplace - Part Time
Permanent · Santa Ana
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MACY'S
Asset Protection Detective, Topanga - Part Time
Permanent · Los Angeles
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Outlets at Orange - Full Time
Permanent · Orange
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Roosevelt Field - Part Time
Permanent · Garden City
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Palmdale
KOHLS
Full-Time Loss Prevention Officer
Permanent · Pleasant Hill
KOHLS
Human Resources Generalist - Logistics
Permanent · DeSoto
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · West Des Moines
COTY
sr. Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Independents
Permanent · Los Angeles
GAP
Design Director - Women's Concept
Permanent · New York
SALLY BEAUTY CORPORATE
Warehouse Supervisor
Permanent · Justin
MARSHALLS
lp Detective
Permanent · Durham
KOHLS
Full-Time Loss Prevention Officer
Permanent · Elk Grove
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Huntsville
NORDSTROM
Asset Protection - Agent - Winter Park Square Rack
Permanent · Winter Park
NORDSTROM
Asset Protection - Agent - Millennia Crossing Rack
Permanent · Orlando
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Daytona Beach
Published
Oct 17, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Li & Fung recruits new CFO

Published
Oct 17, 2012

The Chinese sourcing giant Li & Fung announced the arrival of Ed Lam on November 5, 2012 to take charge of its finances. Lam was a banker for six years at Citibank, one of the world's largest banking institutions and listed on the Hong Kong Stock Exchange. Since the retirement of Li & Fung's former chief financial officer Frank Leong in 2004, CEO William Fung and his son Spencer have alternately managed the conglomerate’s finances. The latter was promoted to chief operating officer (COO) last April, following his role as head of Li & Fung's European branch.

"The recruitment of Mr. Lam occurs in an uncertain economic environment for Li & Fung," commented The Wall Street Journal on Tuesday. "The company has seen its share price under pressure this year amid questions over whether the company can continue to have healthy organic growth given its large exposure to Western economies."

Wal-Mart, a leading North American customer of Li & Fung through 3,700 stores, had canceled a call option with Li & Fung, which would have given Wal-Mart the opportunity to buy Li & Fung's American subsidiary, Direct Sourcing Group (specific supplier to Wal-Mart) in 2016.

During Ed Lam's tenure at Citibank, he consulted Li & Fung on mergers and acquisitions among other transactions. "Ed Lam knows Li & Fung very well and brings a strategic complement to our management team," said Bruce Rockowitz, president and CEO of Li & Fung, emphasizing the importance of the timing of this recruitment as the company’s three-year major development plan ends.

Copyright © 2021 FashionNetwork.com All rights reserved.