{"id":820101,"date":"2025-01-15T10:12:44","date_gmt":"2025-01-15T16:12:44","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/15\/new-world-ceo-eric-ma-resigns-after-just-two-months\/"},"modified":"2025-01-15T10:12:44","modified_gmt":"2025-01-15T16:12:44","slug":"new-world-ceo-eric-ma-resigns-after-just-two-months","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/15\/new-world-ceo-eric-ma-resigns-after-just-two-months\/","title":{"rendered":"New World CEO Eric Ma resigns after just two months"},"content":{"rendered":"<div>\n<p>\n\t\t\tNew World Development announced on Friday that Chief Executive Officer Eric Ma has resigned with immediate effect, just a little more than two months into the job.<\/p>\n<p>\nEcho Huang, who&#8217;s the head of the group&#8217;s property business in mainland China, has been named as his replacement.<\/p>\n<p>\nIn a filing to the local bourse, the developer said Ma, who was also the executive director, wished to pursue &#8220;other personal commitments&#8221;.<\/p>\n<p>\nThe former development chief took over from scion Adrian Cheng in September, after the company reported a net loss of more than HK$17 billion the previous financial year.<\/p>\n<p>\nCheng&#8217;s father and the developer&#8217;s chairman, Henry Cheng, said &#8220;timely phased changes needed to be made&#8221; after reviewing the group&#8217;s development direction.<\/p>\n<p>\nHe added he was glad to have found a &#8220;more suitable&#8221; CEO, citing Huang&#8217;s experience in real estate and corporate management.<\/p>\n<p>\nThe company also appointed Gilbert Ho and Edward Lau as executive directors.<\/p>\n<p>\nShares of New World Development and sister company, New World Department Store China, fell by around six percent before trading was halted in the afternoon pending the personnel announcement.<\/p>\n<p>\nTrading for both firms will resume on Monday.\t\t<\/p>\n<\/div>\n<p> Dion Redner <br \/><a href=\"https:\/\/news.rthk.hk\/rthk\/en\/component\/k2\/1781463-20241129.htm\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New World Development announced on Friday that Chief Executive Officer Eric Ma has resigned with immediate effect, just a little more than two months into the job. Echo Huang, who&#8217;s the head of the group&#8217;s property business in mainland China, has been named as his replacement. In a filing to the local bourse, the developer<\/p>\n","protected":false},"author":1,"featured_media":820102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3104,644],"tags":[6780,5489],"class_list":["post-820101","post","type-post","status-publish","format-standard","has-post-thumbnail","category-resigns","category-world","tag-resigns","tag-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=820101"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/820102"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=820101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=820101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=820101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}